Crypto markets extended a broad retreat after reports of an intra-Federal Reserve division, weighing on risk assets. Bitcoin traded around $66,000 as crypto assets broadly weakened, with Ripple down about 4% on the session. The pullback followed renewed expectations that policy moves may stay restrictive amid uncertain rates. Investors continued to pull capital from crypto markets, with several major coins posting declines across the board.
Bitcoin weakened toward the $66,000 mark, while Ripple’s decline reflected broader selling pressure across leading digital assets. Other headlines pointed to mixed flows within the sector, with Ripple up about 1.35% in early retracings. Even as prices declined, some headlines pointed to a potential crypto legislation passage that could trigger a sector-wide rally, with Bitcoin up roughly 5% and Ethereum up about 7%.
Separately, a broad tech-sector selloff pressured crypto, with Bitcoin briefly breaking below $66,000 as the market digested risk signals. Signals that early rate cuts may be unlikely kept downside pressure on crypto, with Bitcoin sliding back toward $66,000.
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