Bitcoin Drops Below $65,000: Fed and Geopolitical Risks Weigh

Selling pressure persists in cryptocurrency markets amid global economic uncertainties and geopolitical developments. Bitcoin fell below the $65,000 level, hitting $63,744. The decline was influenced by the US-Iran agreement and the Fed's hawkish monetary policy signals. The Fed's interest rate decisions and steps taken to combat inflation are reducing demand for risky assets. Investors are moving away from cryptocurrencies on expectations that the central bank will maintain its hawkish stance. Meanwhile, geopolitical risks are also increasing market uncertainty. Analysts note that the $62,000 level is a critical support zone for Bitcoin. A break below this level could trigger a deeper correction. Markets will closely monitor Fed officials' statements and macroeconomic data in the coming days. This decline in cryptocurrency markets is negatively impacting investor risk appetite. Similar selling pressure is observed in other major cryptocurrencies alongside Bitcoin. Markets are awaiting clearer signals on the Fed's monetary policy for a recovery. This is not investment advice.