Bitcoin experienced a significant pullback, dropping below the $67,000 mark as investors processed a hawkish macroeconomic outlook from the United States. The decline comes in the wake of robust economic data and indications from Federal Reserve officials that interest rates may remain elevated for a longer period than previously anticipated. This shift in sentiment has bolstered the US Dollar Index, traditionally creating headwinds for risk-on assets including cryptocurrencies. Market analysts noted that the lack of immediate catalysts for a move higher, combined with profit-taking following recent gains, contributed to the downward pressure. As traders recalibrate their expectations for monetary policy easing, the broader digital asset market has seen increased volatility, with major altcoins also mirroring Bitcoin’s downward trajectory.
Source: Bitcoin slides below $67,000 as traders digest hawkish US macro outlook
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