Bitcoin is holding near $64,000—but the crypto market remains under pressure. 📉
📉 The cryptocurrency market remains under pressure despite Bitcoin recovering to around $64,000.
BTC gained approximately 2.1%, while Ethereum and BNB remained weaker. Total crypto market capitalization rose to $2.19 trillion, and Bitcoin dominance increased to 58.5%.
Investors remain cautious due to two major sources of uncertainty:
▪️ renewed tensions between the United States and Iran;
▪️ uncertainty over the Federal Reserve’s next interest-rate decision.
A prolonged escalation in the Middle East could disrupt energy supplies, increase inflation and encourage the Fed to maintain tighter monetary policy. At the same time, weak US employment growth is creating pressure for a more supportive approach.
ETF flows also remain a concern. Investors withdrew approximately $4 billion from Bitcoin ETFs in June, while overall demand for exchange-traded crypto products remains limited.
One positive development came from Swift, which is preparing a blockchain-based ledger for tokenized bank deposits. Seventeen major banks are involved in the initiative, which could enable cross-border payments around the clock.
The Fear and Greed Index has risen to 23 but remains in the “extreme fear” zone. This suggests that leading cryptocurrencies may continue consolidating or face renewed selling pressure.
Users can compare trading platforms and read exchange reviews through the FORECK.INFO crypto exchange rating.
