BTC rose $454 from yesterday's $63,441 to $63,895, a 0.73% gain on the day, recovering from an intraday dip that pierced $63K during Asian hours.Not noise. BTC pierced $63K intraday on South Korean Kospi contagion, the Senate shelved the Clarity Act, and the BoJ meeting looms with explicit carry-trade unwind risk flagged by analysts. Near-term risk is elevated on two concurrent macro fronts, with the FOMC decision today as the immediate hinge point.
BTC pierced $63K intraday as South Korea's Kospi plunged and contagion spread to Wall Street, per Cointelegraph; price recovered to close the day at $63,895 but the weekly decline stands at 4.07%.
The U.S. Senate shelved the Clarity Act, removing near-term legislative tailwinds for Bitcoin markets; BlackRock, Fidelity, Goldman Sachs, and Franklin Templeton had publicly endorsed the bill ahead of the Senate's timeline tightening.
The Bank of Japan meeting is flagged by analysts as a repeat risk of the 2024 yen carry-trade unwind that previously pressured crypto markets, adding a second macro overhang alongside today's FOMC decision.
Fear and Greed Index sits at 29, up 4 points from the 30-day average of 25, reflecting slightly less extreme fear but still well inside the fear zone as macro uncertainty peaks.
Bitcoin's hashrate held at 860.6 EH/s and network fees remain low at 2 to 4 sat/vB, confirming the underlying network is operating normally regardless of price volatility, a structural anchor for long-term holders.
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