Bitcoin dropped below a key price point after the US Federal Reserve decided to hold rates steady, and tensions flared up in the the Middle East.
Bitcoin has fallen below $65,000 following a decision from the United States Federal Reserve to keep interest rates unchanged, along with reports of escalating conflicts in the Middle East.
On July 31, Bitcoin (BTC) dipped to $64,549, the first time it has fallen below $65,000 since July 25, according to CoinMarketCap data. It briefly spiked to $65,075 before falling back again but hasn’t crossed the key level since. It’s currently trading at $64,470.
The price movement followed the Federal Open Market Committee’s (FOMC) decision to leave interest rates at 5.25% to 5.5%, which was an expected outcome.
