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Bitcoin ($BTC) briefly shattered a key psychological support level, plunging to a low of $59,747 on Bin amid a painful 20% monthly decline
This wasn't just a crypto correction—it was a broad market sell-off. For the first time since November 2025, Gold dropped below $4,000/oz, and Silver breached $60 as institutional money scrambled for cash.
What's driving the crash?
1️⃣ Fed Fears: Odds for a September Federal Reserve rate hike have aggressively spiked to 70%.
2️⃣ Macro Shifts: Climbing U.S. Treasury yields and a dominant U.S. dollar are putting massive pressure on risk assets.
3️⃣ Geopolitical Easing: Sinking conflict fears in the Middle East pulled the risk premium right out of commodities.
While Bitcoin has since clawed its way back to around $61,000, extreme volatility remains high ahead of crucial Fed speeches and upcoming economic data.