Bitcoin (BTC) Holds $77K Amid Fed Meeting and Big Tech Earnings Week
Key Takeaways Bitcoin maintains position just below $77,000, showing minimal movement with a 0.1% gain in the past 24 hours despite escalating oil prices and global tensions Leading altcoins like Ether, XRP, Solana, and BNB face weekly declines; Dogecoin emerges as the sole top-10 gainer with a 5.5% increase Wall Street futures gained Tuesday night as investors prepare for quarterly reports from Alphabet, Amazon, Meta, and Microsoft After-hours trading saw Starbucks surge 5% following upgraded annual guidance; Robinhood tumbled 8% after disappointing quarterly performance Federal Reserve set to reveal rate decision Wednesday in what may mark Jerome Powell’s final gathering as Chairman During Wednesday’s Asian trading session, Bitcoin continues to hover just beneath the $77,000 threshold, maintaining a narrow trading band while global financial markets navigate multiple headwinds. [[IMG_0]]Bitcoin (BTC) Price The leading cryptocurrency has registered a modest 0.1% increase over the past day while experiencing a 0.8% weekly decline. Bitcoin’s price action remains remarkably stable despite escalating oil costs and heightened international tensions. Brent crude has climbed beyond $111 per barrel following a Wall Street Journal report indicating that President Donald Trump instructed advisors to prepare contingency plans for a prolonged US naval blockade targeting the Strait of Hormuz. Trump declared on Truth Social that Iran faces a “State of Collapse.” Iranian officials have indicated potential acceptance of a temporary agreement if Washington removes its blockade on Iranian shipping facilities. Oil prices continue their upward trajectory, intensifying concerns about inflation as this week’s monetary policy announcements approach. Altcoin Market Shows Weakness; Dogecoin Bucks Trend As bitcoin remains relatively unchanged, the broader cryptocurrency ecosystem faces downward pressure. Ether has declined 2.6% over the weekly period to reach $2,310. XRP recorded a 3.8% ...
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