Bitcoin pauses at $64,000 as rising yields, oil drag equities lower
Bitcoin is trading near $64,000 as investors await Federal Reserve minutes and monitor rising oil prices following the expiration of a US-Iran ceasefire. Additionally, market participants are watching for potential policy shifts ahead of a scheduled meeting between President Trump and crypto industry leaders.
Why it matters
The intersection of geopolitical instability and upcoming regulatory discussions makes this a critical period for crypto market sentiment.
Ether ETH $ 1,895.37 lost around 1% since midnight and coins including SUI, XLM and TAO also dropped.
The increase in yields reflects unease ahead of the Federal Reserve minutes release due Wednesday after two consecutive softer inflation prints. Brent crude oil rose back to $94 per barrel after a 60-day US-Iran ceasefire expired Monday without a deal.
Also on Wednesday, U.S. President Donald Trump is expected to attend a meeting with crypto CEOs at the White House, with U.S. policy being a key driver of price action of late, contributing to the stop-start nature of bitcoin’s range-bound performance.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in