Listen everyone,
Bitcoin slipped below $67,000 again in early trading, and the selling pressure is picking up as markets price in a more hawkish U.S. macro outlook. The weakness wasn’t limited to BTC. Ethereum fell about 4.1% to around $1,965, while XRP dropped roughly 4.3% and BNB slid about 4.5%.
Analysts say the main driver behind this move is not a “crypto-only” problem it’s shifting expectations around U.S. monetary policy. Bitrue research head Andri Fauzan Adziima described it as a hawkish shift following the nomination of Kevin Warsh as Fed chairman, which reinforced the idea of tighter liquidity and fewer rate cuts ahead. In that environment, risk assets typically struggle, and crypto feels it fast.
The next big question is where buyers step in. Adziima said investors are watching the $60,000–$65,000 range as a key zone where support could form for a potential recovery. If BTC can stabilize there, the market may attempt a base. If not, volatility stays high.
Kronos Research CIO Vincent Liu added that derivatives data suggests a lot of excessive leverage has already been flushed. Funding rates show many leveraged positions have been closed, and institutional capital is now waiting for clearer catalysts like stronger ETF momentum or a new macro signal before stepping back in with size.
Interestingly, ETF flows are still coming in. Spot Bitcoin ETFs reportedly saw $166.56 million in net inflows on Tuesday, while spot Ethereum ETFs brought in a smaller $13.82 million. That tells you the market is split: macro pressure is pushing price down, but some long-term demand is still present through ETFs.
Outside crypto, the broader market picture is mixed. Asian stocks moved higher, while U.S. indexes like the S&P 500 and Nasdaq declined. Now traders are watching U.S. employment data due Thursday, which could shift rate expectations again and decide the next move for risk assets.
Not financial advice.
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