Crypto
Bitcoin dropped to $63k as hawkish Fed signals weighed on risk assets, with an Iran peace deal providing only a brief, muted offset. The setup pits macro rate pressure against a crypto market that had been pricing in easier liquidity ahead.
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The AngleGenuinely two-sided
Bull caseBTC-USD · MSTR · COIN · IBIT
Bitcoin has historically found strong demand in the $60k–$65k range, and if spot ETF inflows reaccelerate — as they did during the last dip — the macro headwind could be transient and quickly reversed.
Bear caseBTC-USD · MSTR · COIN · IBIT
The Fed's higher-for-longer posture directly compresses the liquidity conditions that drove Bitcoin's 2024 rally, and with the Iran peace deal failing to provide a meaningful risk-on catalyst, there is little near-term positive news flow to absorb continued selling.
Both sides — weigh them yourself