$BTC ‌ breaks below $65K


Event Overview
Bro, this market action tonight is really heartbreaking. The gist is that in the Middle East, Iran’s situation suddenly escalated, pushing international oil prices up to $100. U.S. Treasury yields then shot higher as well. Wall Street panicked—everyone originally thought rate cuts were basically locked in this year. But once the data came out, the probability that the Fed will continue raising rates in July was forced up to nearly 40%. Big funds flinched and dumped for safety, and BTC accordingly dropped below the $65,000 psychological level. It’s now quoted at $64,165.24, down 1.46% on the day. $ETH ‌ was dragged down too: it’s now $1,861.2, down 1.25%. This incident has pulled risk assets across the entire market under water.#EventContractsLaunch
BTC-1.55%
ETH-0.71%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned