Community Articles

via BeInCrypto · By Lockridge Okoth

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

BTC

BTC/USDT

$61,773.99

-1.61%

$61,773.99

-1.61%

(24s)

24h Volume

$29,456,617,293.53

24h H/L

$63,239.06 / $59,102.70

Change: $4,136.36 (7.00%)

Long/Short

68.6%

Long: 68.6%Short: 31.4%

Funding Rate

-0.0005%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,754.01

▲ 1.11%

Volume (24h): -

Resistance Levels

Resistance 3$64,719.41

Resistance 2$63,395.60

Resistance 1$61,781.95

Price$61,754.01

Support 1$61,035.43

Support 2$59,102.70

Support 3$52,643.43

Pivot (PP):$61,467.12

Trend:Downtrend

RSI (14):36.3

Lockridge Okoth

(06:08 PM UTC)

1 min read

Updated bySarah Chen

1412 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Lockridge Okoth · BeInCrypto

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