Bitcoin lingered near $65,000 in recent trading, down about 1.7%. Market watchers are eyeing upcoming Federal Reserve decisions.
Grayscale, a major digital asset manager, indicated that Bitcoin might have found its lowest point this cycle if the Fed eases its stance.
This comes after a period of volatile swings, with Bitcoin sliding but showing resilience compared to many altcoins.
Ethereum also faced pressure, dropping nearly 3%, while other tokens like Solana and Ripple fell over 2% to 3%. The broader cryptocurrency market remains jittery amid global economic uncertainties.
Grayscale’s stance highlights the influence of macroeconomic factors on crypto prices, especially interest rate policies.
Investors are reminded that shifts in Fed policies can significantly swing yet ripple effects are still uncertain.
