Bitcoin Weakens Amid Hawkish Fed, Oil Surge
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Bitcoin continues to face selling pressure as macroeconomic headwinds intensify. The Federal Reserve's latest meeting, described as the most hawkish in years, has dampened risk appetite across markets. Simultaneously, oil prices surged to their highest since 2022 amid escalating US-Iran tensions, adding to inflationary concerns. This dual shock has weighed heavily on Bitcoin, with the asset struggling to hold key support levels. The prospect of prolonged tight monetary policy and geopolitical instability suggests further downside risk for BTC in the near term, as traders price in a more cautious outlook.
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