After briefly crossing $65,000 following positive U.S. producer price index data, bitcoin fell back to around $64,200, dragging its market cap back under $1.3 trillion.
Key Takeaways
Bitcoin dropped 1% on Thursday, retreating under its $1.3 trillion market cap after failing to hold $65,000.Fed policy and geopolitical risks have forced crypto to trade closely with the macro liquidity cycle.Global Settlement CEO Ryan Kirkley warns traders not to expect a straight line to easier monetary policy.
