Bitcoin stuck near $64,000 as US Federal Reserve caution cools
Bitcoin is stuck around $64,000 and cannot seem to climb higher, thanks to cautious moves from the US Federal Reserve and a general risk-off mood.
Ethereum is also down 3.16%, while other big altcoins like Solana, Dogecoin, BNB, and Cardano are down up to 3.87%.
Tron is the rare winner here, up just 0.64%.
Bitcoin support $61,000-$63,500 Mudrex analyst notes
Bitcoin's support zone sits between $61,000 and $63,500. If it drops below this range, prices could slide toward $55,000.
Resistance near $67,500 keeps any rally in check.
Akshat Siddhant, Lead Quant Analyst at Mudrex, points out that Fed-driven liquidations are shaking up short-term prices but long-term holders are quietly stacking more coins.
Crypto market cap $2.2T traders cautious
Crypto market cap has dipped 2.24% to $2.2 trillion as investors stay wary after ETF outflows and US policy shifts.
Vikram Subburaj, CEO at Giottus, notes that even though there has been some recovery since early June lows, traders are not rushing back just yet.