Bitcoin stabilizes around $64,000 amid rising bond yields and oil prices ahead of key Fed minutes and a White House crypto summit.
Bitcoin trades near $64,000, retracing from Monday’s high of $64,600 as Nasdaq 100 futures decline 1.1%. The pullback follows rising bond yields and oil prices, adding pressure on risk assets.
The move comes ahead of Wednesday’s Federal Reserve minutes from its July meeting, with markets parsing inflation signals after two softer prints. Brent crude rebounded to $94 a barrel after a U.S.-Iran ceasefire expired without renewal, fueling inflation concerns.
A White House meeting between President Trump and crypto executives on Wednesday may further influence sentiment, as U.S. policy remains a key driver of bitcoin’s range-bound performance.