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๐๐๐ง๐๐ข๐๐ก ๐๐ข๐ฆ๐๐ฆ $๐ณ๐ฐ,๐ฌ๐ฌ๐ฌ ๐๐ฆ ๐๐๐๐ฅ ๐๐ก๐๐๐ซ ๐ฃ๐๐จ๐ก๐๐๐ฆ ๐ง๐ข ๐๐ซ๐ง๐ฅ๐๐ ๐ ๐๐๐๐ฅ
Bitcoin has fallen below the critical $74,000 level for the first time since late April, extending its weak performance as market sentiment collapses into "Extreme Fear" territory.
The leading cryptocurrency is trading at approximately $74,451, down 1.95% on the day, with the Crypto Fear & Greed Index dropping from 25 to 22 - firmly in "Extreme Fear"
WHAT'S DRIVING THE SELL-OFF: Three major factors are pressuring the market.
First, Kevin Warsh has officially taken office as the new Federal Reserve Chair, and markets are now pricing in a nearly 70% probability of another rate hike by 2026 - a dramatic reversal from expectations of rate cuts just months ago.
Second, US-Iran tensions continue to swing back and forth, with the White House denying reports of a draft agreement while Iran insists its "red lines" on uranium enrichment and control of the Strait of Hormuz are non-negotiable.
Third, spot Bitcoin ETFs have recorded outflows for eight consecutive trading days, indicating sustained institutional selling pressure.
Current price: $74,451 (-1.95%)
Fear & Greed Index: 22 (Extreme Fear)
$BTC

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