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via BeInCrypto · By Lockridge Okoth

Fed Minutes Signal Higher-for-Longer Rates as Bitcoin Faces Pressure

BTC

BTC/USDT

$79,979.33

+0.42%

$79,979.33

+0.42%

(24s)

24h Volume

$7,085,183,124.32

24h H/L

$80,200.00 / $79,545.96

Change: $654.04 (0.82%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0024%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,977.99

▲ 0.18%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$80,157.58

Price$79,977.99

Support 1$79,635.96

Support 2$77,509.46

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.1

Lockridge Okoth

(06:08 PM UTC)

1 min read

Updated bySarah Chen

0 comments

The latest Federal Reserve minutes revealed a more hawkish tone than markets expected, reinforcing fears that interest rates could stay elevated longer and potentially pressure Bitcoin and broader risk assets.

Minutes from the April 28–29 meeting showed that many policymakers wanted to remove the Fed’s easing bias entirely, while a majority signaled additional rate hikes could become necessary…

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Source

Lockridge Okoth · BeInCrypto

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