Bitcoin Price Stuck Before FOMC as Oil Jumps 8%

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Bitcoin traders weathered an oil-price surge and ongoing Asia chip-stock sell-off into the Federal Reserve interest-rate decision.

Bitcoin (BTC) whipsawed around $64,000 on Wednesday as geopolitical and macroeconomic tensions pressured US stocks.

Bitcoin constricts near $64,000 as traders contend with multiple macro headwinds.

Downside in Asian stocks continues to spill over into US markets.

The US Federal Reserve prepares to release its next interest-rate decision, a potential risk-asset volatility catalyst.

Risk-asset hurdles pile up ahead of FOMC meeting

BTC/USD halting a local rebound at the Wall Street open, having hit 11-day lows of $62,700 the day prior.

These came as part of a risk-asset rout by a selloff in Asian chip-stocks. This trend continued on Wednesday as markets showed increasing concern over the debt obligations by semiconductor and AI giants.

Renewed nerves over escalation in the US-Iran war added to the headwinds, with US President Donald Trump threatening a “beating” as tit-for-tat strikes continued.

“We’ll be hitting them hard. They’re going to get a beating,” he said in an interview with Fox News.

Oil prices snapped higher as a result, with WTI and Brent crude up 7.6% and 5.4%, respectively. Oil-price hikes could significantly impact trends in the Consumer Price Index (CPI), with inflation concerns having a knock-on effect on interest-rate expectations.

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