Bitcoin sinks below $71,000, stocks close at session lows, as 2026 Fed rate cut hopes fade further

Bitcoin has dropped below $71,000 as market sentiment weakens amid fading hopes for a Federal Reserve rate cut in 2026. This decline in cryptocurrency prices coincides with a downturn in stock markets, which closed at session lows. Investors are increasingly concerned about the potential for prolonged interest rate hikes, impacting both traditional and digital asset markets. The overall market reaction reflects uncertainty regarding future economic conditions and monetary policy.

Read the full article: CoinDesk

Read more