Crypto Slides as Fed Uncertainty Tightens Risk Appetite

Bitcoin slipped 1.59% to $64,426. Ethereum lost 2.03%, trading at $1,748. Total crypto market cap stood at $2.3 trillion with Bitcoin dominance at 56.2%.

The moves tracked equity weakness and a firmer dollar. US 10-year yields held elevated levels, compressing risk premiums across asset classes. Gold held its ground. Crypto moved in step with equities and bond yields today.

XLM led gainers at +7.4%. RAIN rose 3.4%, CC 2.3%, LEO 0.8%, and TRX 0.7%. Those gains did not signal a broader altcoin rotation. Bitcoin dominance at 56.2% pointed to capital staying in the most liquid names.

Fed expectations remain the main factor. Any hint of delayed rate cuts strengthens the dollar and pushes yields higher, pressuring risk assets. The declines today fit that script.

The next trigger is economic data that could shift rate-cut probabilities. A stronger print would extend the sell-off. Softer numbers might ease the pressure and allow a modest recovery. For now the market is in a holding pattern.

Bitcoin held above $64,000. That level has acted as near-term support through the session.

For broader context on how macro conditions drive digital assets, see crypto market analysis. For individual profiles, see Bitcoin (BTC) profile and Ethereum (ETH) profile.