Bitcoin Tumbles Below $64,000 as Investor Caution Hits Crypto Market
Bitcoin continued to decline on July 28, slipping below $64,000 as investors pulled back from riskier assets ahead of the US Federal Reserve's interest rate decision. Global equity and technology markets weakened investor confidence, contributing to a broad sell-off that weighed on Bitcoin.
The world's largest cryptocurrency traded around $63,414, recording a 2.69% decline over the previous 24 hours. It fluctuated between an intraday low of $63,016 and a high of $65,648, reflecting growing caution among investors in response to macroeconomic uncertainty, geopolitical developments, and expectations surrounding the upcoming US Federal Reserve policy announcement.
Despite this short-term weakness, analysts believe Bitcoin remains committed to accumulating the cryptocurrency during market corrections. Technical support levels are being closely watched, with key resistance zones around $65,500-$66,000.