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Bitcoin just dipped below 67k and it's looking rough across the board. The broader market momentum seems to have evaporated pretty quickly today, especially after the Fed minutes came out hinting at potential rate hikes. You can feel the hesitation in the market right now.
It's interesting how fast sentiment shifts when there's any talk about rates going up. Stocks are losing steam too, which usually drags crypto down with it. The whole risk-on trade is just deflating at the moment. BTC sitting around 73.87k now, but the vibe is definitely cautious. People are waiting to see what the Fed actually does next before making any big moves.
This is the kind of environment where you see a lot of sideways action and profit-taking. Hard to get excited about anything until we get more clarity on the rate situation. The usual playbook of 'risk assets down, USD up' is playing out again.