Bitcoin slide below $69k blamed on Fed expectations
Coinbase Institutional says BTC's decline stems from shifting Fed rate expectations rather than the Binance hack. Traders are cautious but some are buying dips.
Confirmed
- Coinbase Institutional says Fed rate expectations, not the Binance hack, drove the BTC decline
- BTC has been noted trading under $69k
- Some traders are buying dips, with DCA buying reported
Not yet known
- Whether the Binance hack had any role in the decline; Coinbase Institutional disputes it
- Whether Fed rate expectations are the main driver of the slide
- Whether the dip buying will hold if prices keep falling
What we know
Coinbase Institutional said in a weekly report Fed expectations, not the Binance hack, drove the decline. BTC was noted under $69k. Traders report DCA buying and call price action abysmal.
Will the Fed increase interest rates by 25 bps after the December 2026 meeting?
Traders' bets on Polymarket, not a forecast by Global Eye 24. Polymarket · $8.5m traded · updated 00:50 UTC
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“Fed Rate Expectations, Not Binance Hack, Drive Bitcoin's Recent Decline”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.