Bitcoin Could Extend Fall Amid Fed Rate Hike Concerns

Dow Jones06-30

0852 GMT - Bitcoin could fall further as concerns about possible interest-rate rises by the U.S. Federal Reserve result in capital outflows from institutional instruments such as bitcoin, ActivTrades' Saverio Berlinzani says in a note. "Bitcoin could drop to the previous significant low of $49,443 seen in August 2024, though other analysts believe the psychological and technical support level around $60,000 might hold," Berlinzani says. Bitcoin falls 1.7% to $59,167, having reached a 21-month low of $58,075 on Thursday last week, LSEG data show. (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

June 30, 2026 04:52 ET (08:52 GMT)

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Bitcoin falls 1.7% to $59,167, having reached a 21-month low of $58,075 on Thursday last week, LSEG data show. 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Bitcoin falls 1.7% to $59,167, having reached a 21-month low of $58,075 on Thursday last week, LSEG data show. 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Bitcoin falls 1.7% to $59,167, having reached a 21-month low of $58,075 on Thursday last week, LSEG data show. 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