Bitcoin fell below the $64,000 mark, declining more than 1.6% on Friday as multiple macroeconomic headwinds weighed on crypto markets. US two-year Treasury yields reached 4.31%, well above the Federal Reserve’s target range, boosting expectations for rate hikes. Markets still expect the Fed to leave rates unchanged next week while pricing in a 0.25% hike in September and two additional increases before the end of 2026. A group of buyers dubbed a « plunge protection team » on Binance intervened to provide bid liquidity in an attempt to prevent a deeper BTC price correction.
Source: Read the original article
