Bitcoin: Fed Hold Sparks $27 Billion Crypto Selloff
Bitcoin dumped 2.02% wiping $27 billion after Fed held rates, triggering $1.5 trillion market-wide losses across stocks, gold and crypto in minutes.
SourceAnalysis
Bitcoin fell 2.02% in minutes after the Fed announced no rate change, erasing $27 billion from its market cap as part of a broader $1.5 trillion wipeout across equities, precious metals and crypto.
S&P 500 dropped 0.96% for $610 billion in losses while Nasdaq slid 1.28% and shed $490 billion. Gold plunged 2.33% for a $700 billion hit and silver fell 3.82% erasing $140 billion.
On the 4h chart BTC trades inside the Bollinger Bands near $65,376 after testing upper-band resistance at $67,381. With RSI at 50.99 and MACD showing a death cross, price sits above the EMA50 support at $64,913 yet below the EMA200 at $69,310, pointing to a likely retest of that 50-EMA level before any sustained rebound.
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@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.
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