$BTC

Bitcoin’s Wild Ride Continues

Bitcoin hovers around, recovering from a 3% dip to triggered by Israel-Iran tensions. The FOMC meeting looms large, with no rate cuts expected to spark a breakout. Institutional buying, like Strategy’s $1.05B purchase, bolsters resilience. Yet, BTC’s tie to equities over gold raises doubts about its safe-haven status. Bulls eye $500K long-term, but short-term volatility persists. Watch support closely.

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On-chain data shows low mempool congestion, hinting at network stability. Stay cautious amid macro risks.