Bitcoin price wedged into ‘most divided’ FOMC as Iran war spikes oil prices 8%
Bitcoin traded in a tight range around $64,000 as broader risk assets sold off. The move followed weakness in Asian chip stocks, rising concern over AI and semiconductor debt, and renewed geopolitical तनाव from the US-Iran conflict, which pushed oil prices higher and added inflation pressure. Markets also awaited the Federal Reserve’s upcoming FOMC decision, with traders split on whether rates will stay unchanged or rise by 0.25%. BTC remained trapped between its 50-day moving averages after failed breakout attempts, with liquidity and liquidation clusters near $63,500 and $64,900. Trading activity stayed weak, with spot volume near multi-year lows and futures open interest subdued, reflecting declining retail interest and capital shifting toward AI stocks.
