Crypto

Bitcoin has broken beneath the $63,000 mark as the Federal Reserve removed near-term rate-cut expectations from the table, triggering $111 million in combined Bitcoin and Ether ETF outflows. The move has pushed the asset below its 200-week moving average for the second time in a fortnight, a level that historically precedes significant recoveries but also signals elevated short-term risk. Governance turbulence at the Ethereum Foundation and a broader rotation out of risk assets compound the pressure on crypto CFD positions.

Chair Kevin Warsh's inflation-first messaging at the June 18 Federal Reserve meeting extinguished rate-cut expectations and triggered $111 million in combined net outflows from spot Bitcoin and Ether ETFs. Total crypto market capitalisation stalled near $2.26 trillion as both Bitcoin and ether prices retreated. For CFD traders, the episode marks a meaningful shift in the macro backdrop underpinning digital-asset risk appetite.