BTCUSD
Bitcoin is trading around the $76,000 support area, and this area is likely to limit the pace of decline during today’s trading.
|
Support |
76000 | 71000 |
| Resistance | 79000 |
81500 |
Bitcoin fell 1.8% to $75,893, extending its losses after the U.S. Senate voted against advancing the CLARITY Act. Pressure increased further amid caution ahead of the Federal Reserve meeting, rising Treasury yields, and persistent geopolitical concerns in the Middle East, keeping investor appetite for riskier assets subdued.
The U.S. 10-year Treasury yield fell below 5% after reaching 5.03% during Tuesday’s trading, as markets awaited the Federal Reserve’s interest rate decision. Markets are pricing in an 89.5% chance of a 25-basis-point rate hike, while weaker New York manufacturing data eased the upward momentum in yields and renewed concerns over the strength of the U.S. economy.
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