Bitcoin faces a rare 48-hour macro window as the Fed decision is followed almost immediately by US GDP and PCE data. The sequence could rapidly reshape rate-cut expectations, liquidity outlook and short-term risk appetite.
US February PCE data came in line with expectations, offering no major inflation surprise. Bitcoin initially held firm above $70,000, while markets continued to weigh inflation risks, geopolitical tensions, and the Federal Reserve’s rate path.
SUI dropped 1.91% to around $0.92 amid global market weakness and macro uncertainty. Key support at $0.89-0.90 is being tested ahead of US PCE data. A breakdown could expose $0.82. Meanwhile, Sui Connect Hong Kong event aims to boost ecosystem growth.
Gold fell below $5,000 after hotter-than-expected U.S. core PPI data. Stronger dollar and fading rate-cut expectations pressured gold and risk assets. Bitcoin dropped under $60,000 as macro headwinds hit crypto markets. Focus shifts to PCE data.
Bitcoin returned to $65,000 as US equities bounced back from their worst day since 2022. Key support level coincides with short-term holder cost basis. PCE data lower than expected offset by strong jobless claims. Correlation with Nasdaq-100 deepens.
Bitcoin approaches $65,000 as US equities rebound from steep losses. PCE data supports risk assets, but strong jobless claims temper rate cut bets. Analysts highlight $65K as critical support level and growing correlation with tech stocks.
Bybit's latest options weekly report reveals BTC and ETH both declined last week, with the AHR999 bottom-fishing indicator plunging to 0.287, entering an historically extreme undervalued zone. The May PCE data recorded the hottest reading since autumn 2023, but markets had already priced in the expectation, triggering a 'buy the rumor, sell the fact' rebound. Technically, both BTC and ETH daily RSI show bullish divergence, while ETH implied volatility premium persists. This week's focus: JOLTS, ADP, NFP, and Warsh's debut at the Portuguese Central Bank forum. Strong employment data could pressure crypto assets again.
Bybit's latest options weekly report (June 23-29) reveals that BTC and ETH suffered significant weekly losses, with BTC down 5.96% to $60,206 and ETH dropping 8.91% to $1,574. The AHR999 bottom-fishing indicator plunged to 0.287, entering its most extreme undervaluation territory in history. Despite May's hotter-than-expected PCE data (headline 4.1%, core 3.4%), markets had already priced it in, triggering a 'sell the news' relief rally. On the technical side, both BTC and ETH daily RSI displayed bullish divergence, suggesting momentum is recovering faster than price. ETH's implied volatility (DVOL) remains significantly elevated relative to BTC, indicating a continued premium window. This week, key macro releases include JOLTS (June 30), ADP (July 1), Warsh's debut speech at the Portuguese central bank forum (July 1 evening), and NFP (July 2, consensus 113k, unemployment rate 4.3%). Strong employment figures combined with a hawkish Warsh could renew downward pressure on crypto assets.
