Bitcoin Price Drops Below $64K Amid Rate Speculation and Institutional Outflows

The Bitcoin price fell below $64,000 after the Federal Reserve's interest rate decision. According to Bitget, this is due in part to renewed speculation on rate cuts, as Powell emphasized policy independence and the market adjusted its expectations for future interest rates.

The geopolitical situation is also affecting the market, with risk-averse funds beginning to flow back out of cryptocurrencies after temporary easing of tensions.

A significant institutional fund movement was noted in the early morning hours, with a wallet related to BlackRock transferring approximately $271 million in BTC and ETH to an exchange. This has led some analysts to caution against potential selling pressure if sustained inflows continue.