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Bitcoin price resists sell-off, but three risks threaten a drop to $60K

Bitcoin price resists sell-off, but three risks threaten a drop to $60K

Bitcoin price remained trapped near $64,600 on July 30 as renewed US-Iran fighting, a hawkish Federal Reserve, and another CLARITY Act delay prevented buyers from extending the recovery.

Summary

  • Bitcoin price recovered from $62,383, but it remains inside a range capped near $66,500.
  • The Fed held rates at 3.5%–3.75%, while three policymakers favored a rate increase.
  • US-Iran fighting and a 6.6% oil surge revived inflation and risk-off concerns.
  • Gold held near $4,062, but available data does not confirm a broad crypto-to-gold rotation.

Bitcoin price struggles to leave its consolidation range

According to data from crypto.news, Bitcoin (BTC) price traded near…

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