- Bitcoin was reported to be falling to around $76,660 as expectations for U.S. rate cuts weakened.
- The market said fading rate-cut expectations and the view that the chances of monetary easing could decline under a Kevin Warsh-led Fed are weighing on investor sentiment.
- Analysts said the $78,000 range is a key support level for Bitcoin, while slowing spot ETF inflows were also cited as a headwind.
Forecast Trend Report by Period
Bitcoin and the broader cryptocurrency market are weakening as expectations for U.S. interest-rate cuts recede.
Walter Bloomberg reported on May 18 that Bitcoin fell about 2% intraday to around $76,660. The cryptocurrency…
