Bitcoin whipsaws near $64,000 as Fed holds rates and Iran missile strike sends oil up 8%
Bitcoin gyrated around $64,000 after the Federal Reserve kept rates unchanged but struck a hawkish tone, while Iranian ballistic missiles triggered an 8% overnight surge in oil prices and pushed US stock indexes sharply lower. The two-sided pressure wiped out roughly $286 million in leveraged bets across about 90,000 traders, with losses split nearly evenly between bullish and bearish positions.
A hawkish Fed combined with a live geopolitical conflict and oil shock creates simultaneous pressure on risk assets including crypto, making this the dominant macro driver for the current session.
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