- Bitcoin fell below US$66,000 following hawkish Federal Reserve minutes, marking its longest weekly losing streak since the 2022 bear market.
- A rising US dollar and potential rate hike discussions shifted risk sentiment, causing reversals in crypto-related equities like Coinbase and Strategy.
- The Crypto Fear and Greed Index hit a record low of 5 as Michael Burry warned that Bitcoin is behaving as a speculative asset rather than a hedge.
Risk appetite faded late in the day as the crypto market and US stocks gave back much of their early advance after minutes from the Federal Reserve’s January meeting struck a more hawkish tone than expected.
While policymakers broadly supported pausing rate cuts, several…
