Bitcoin eyes $75K after 'most hawkish' FOMC as oil hits highest since 2022

CoinTelegraph3h agoUpdated 2h ago
Bitcoin eyes $75K after 'most hawkish' FOMC as oil hits highest since 2022
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Bitcoin circles $76,000 as geopolitical tensions and the Federal Reserve's "most hawkish" meeting in years weigh on risk assets. US-Iran conflict drove oil to four-year highs above $120, intensifying inflation concerns. The Fed held rates steady with four dissents, the first since 1992, signaling reduced rate-cut prospects. Analysts watch Bitcoin's $75,500 support level closely amid weakening momentum.

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