Bitcoin holds key $69K level as gold slides after Fed decision
Bitcoin is once again testing a critical level, its previous all-time high from 2021, as broader financial markets react to a hawkish Federal Reserve. While gold is leading a sell-off in macro assets, Bitcoin appears to be showing relative strength despite ongoing pressure.
The price of Bitcoin briefly dropped to around $69,500 before rebounding above $70,000 during Thursday’s Wall Street session. That move keeps BTC within a newly established trading range, bounded by its 2021 peak and more recent 2025 lows.
This level has become psychologically important for traders. Holding above it reinforces the idea that Bitcoin has transitioned into a higher range, even as macroeconomic uncertainty remains elevated.
The latest volatility follows the Federal Reserve’s decision to keep interest rates unchanged while maintaining a cautious stance on inflation. Fed Chair Jerome Powell emphasized that any future rate cuts will depend on clear progress in bringing inflation down.
That message dampened expectations for monetary easing, with markets now pricing in just one rate cut in 2026. As a result, traditional risk assets, including US equities, came under pressure, with stocks declining around 1.5%.
Higher-for-longer interest rates typically reduce liquidity, which can weigh on both equities and crypto markets. Interestingly, gold has taken a bigger hit than Bitcoin in the current environment. The precious metal fell 2.3%, dropping below $4,700 per ounce, its lowest level in six weeks.
This divergence is notable. While both assets are often viewed as hedges against macro uncertainty, Bitcoin’s smaller correction suggests growing resilience, according to market analysts.
Some traders argue that Bitcoin’s ability to hold near key levels, despite tightening financial conditions, could signal underlying strength.
Market participants are now focused on whether Bitcoin can secure a strong weekly close. A move toward $75,000 is seen by some traders as a key confirmation of bullish momentum.
At the same time, downside scenarios remain in play. Some analysts indicate they would look to accumulate Bitcoin if the price drops toward the low $60,000 range.
For now, Bitcoin sits at a crossroads. Its ability to hold above the 2021 high, while gold weakens and the Fed stays hawkish, may define the next phase of the crypto market cycle.
Source: Cointelegraph
Bitcoin whales move $100M+ as oil shock triggers risk-off sentiment
Large Bitcoin holders are once again making waves in the market, moving over $100 million worth of BTC to exchanges as geopolitical tensions in the Middle East shake global markets. The activity comes amid a sharp rise in oil prices and a broader shift toward risk-off sentiment across both crypto and traditional assets.
Blockchain data shows that an early Bitcoin whale transferred 1,000 BTC, worth roughly $71 million, to Binance. The same wallet originally accumulated 5,000 BTC over a decade ago and still holds a significant position.
In a separate move, early Bitcoin adopter Owen Gunden sent 650 BTC, valued at around $46 million, to Kraken. It marks his first major transaction in five months, following a much larger sale earlier this year.
These transfers are widely interpreted as profit-taking by long-term holders, especially as market uncertainty rises. The whale movements coincide with escalating geopolitical tensions involving Iran, Israel and the United States. Recent attacks on key oil and gas infrastructure, including Iran’s South Pars gas field and Qatar’s Ras Laffan complex, have sent energy markets sharply higher.
Brent crude briefly surged above $119 per barrel, while US oil prices approached $100. European gas prices also jumped, reflecting fears of supply disruptions.
Rising energy prices tend to increase inflation expectations, complicating the outlook for central banks and financial markets.
Bitcoin’s price fell around 5% over a 24-hour period, slipping toward the $70,000 level. Notably, gold also declined, dropping more than 4%, suggesting that investors are not rotating into traditional safe havens.
Instead, analysts point to a broader risk-off move, where investors reduce exposure across multiple asset classes simultaneously. This behavior contrasts with previous crises, where gold and Bitcoin often benefited from uncertainty.
Market participants are now closely watching whether Bitcoin can hold the $70,000–$71,000 range. A breakdown below that level could see BTC revisit lower support zones closer to $60,000.
At the same time, the recent whale activity adds another layer of pressure. Large transfers to exchanges often precede selling, although not always immediately.
For now, Bitcoin finds itself caught between macroeconomic stress and internal market dynamics. The combination of geopolitical shocks, rising energy prices and whale-driven supply could determine the next phase of the market, with volatility likely to remain elevated in the short term.
Source: Cointelegraph
‘Rich Dad, Poor Dad’ author predicts $750K Bitcoin after ‘bubble burst’
Robert Kiyosaki, best known as the author of Rich Dad, Poor Dad, is once again warning of an imminent collapse of the traditional financial system. According to the personal finance educator, a massive “bubble burst” in traditional finance (TradFi) is near, and could send Bitcoin soaring to $750,000 within a year of the crash.
At first glance, that prediction appears extremely bullish. However, a closer look reveals a more nuanced, and potentially less optimistic, outlook for Bitcoin investors.
Kiyosaki’s projection hinges on a dramatic expansion of the global money supply following a financial crisis. Historically, such periods have driven demand for scarce assets. Between 2020 and 2021, for example, massive liquidity injections coincided with a 52% rise in the S&P 500 and a 38% increase in US housing prices.
In that context, Bitcoin reaching $750,000 may say more about currency debasement than about real wealth creation. If the cost of living and asset prices rise at a similar pace, the purchasing power behind that price target could be far less impressive than it appears.
Interestingly, Kiyosaki’s broader thesis favors gold over Bitcoin. He predicts gold could surge to $35,000 per ounce, implying a staggering $243 trillion market capitalization. That would make gold more than four times larger than the entire current S&P 500.
At the same time, Kiyosaki expects the Bitcoin-to-gold ratio to decline significantly, suggesting Bitcoin would underperform gold in relative terms. This challenges the narrative that Bitcoin will emerge as the dominant store of value in a crisis scenario.
Kiyosaki has been warning about major financial crashes for over a decade. As early as 2011, he predicted significant downturns that largely failed to materialize. In 2015, he forecast a stock market crash in 2016, a year in which the S&P 500 actually posted solid gains.
More recently, in May 2024, he claimed that the “biggest crash in history” had already begun. Yet more than a year later, markets have remained resilient, with equities, gold, and even silver posting strong returns.
Even if Bitcoin were to reach $750,000, it may not dominate global markets as some expect. Kiyosaki also predicts massive growth in silver, potentially pushing its market cap above $11 trillion. In such a scenario, Bitcoin’s relative position could remain more modest.
Ultimately, Kiyosaki’s bold prediction may be less bullish than it seems. Rather than signaling Bitcoin’s dominance, it reflects a broader expectation of monetary instability, where rising prices across all assets blur the line between nominal gains and real wealth.
Source: Cointelegraph