US EditionBitcoin slips below $71k as Powell and Iran oil shock hit crypto
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Bitcoin Falls Below $71K as Fed Signals No Rate Cuts
Fed indicated no near-term rate cuts as inflation and oil risks stay elevated. Bitcoin dropped below $71K as liquidity expectations faded after the FOMC. On-chain data holds steady with MVRV 1.3, SOPR 0.999, and continued exchange outflows Today, Bitcoin price slipped below $71,000 after the Federal Reserve signaled it is not ready to cut interest rates, weakening expectations of near-term liquidity support. The latest FOMC decision kept rates s…
Bitcoin slips below $71k as Powell and Iran oil shock hit crypto
Bitcoin sinks below $71k as Powell’s hawkish tone and Iran’s oil shock trigger a $542M liquidation wave across leveraged crypto markets. Crypto markets extended their slide into Thursday as the combined aftershock of the Federal Reserve’s March policy meeting and…
What to remember: Bitcoin falls by 5%, briefly falling under $70,000 after Jerome Powell's statements on the inflationary risks of the Iranian conflict. The Fed raises its 2026 inflation forecast from 2.4% to 2.7% due to the surge in energy prices. Crypto shares collapse with Gemini that loses 15% and Galaxy that declines by 7%. The war in Iran upsets the Fed's calculations The Federal Reserve now integrates the inflationary impact of the Irania…
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