Bitcoin falls to $63,000 as Fed uncertainty, crypto bill delays fuel sell-off; analysts see bottom forming
India, July 29 -- Bitcoin price falls to a 10-day low amid market pressure. Bitcoin (BTC) dropped more than 2% on Tuesday, falling to just above $63,000 per token, marking its lowest level in about 10 days. The world's largest cryptocurrency has struggled to regain momentum after months of weakness, with traders watching several factors that could decide its next move.
The decline came as investors became more cautious because of weakness in artificial intelligence-related stocks, uncertainty around the Federal Reserve's next interest rate decision, and concerns over delays in major crypto legislation in the US.
AI stock sell-off, Fed uncertainty and crypto law delays hurt Bitcoin sentiment. Bitcoin's recent decline was linked to broade...
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