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Bitcoin Tumbles Below $65K Post-FOMC as Middle East Tensions Flare

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July 31, 2024
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Bitcoin Tumbles Below K Post-FOMC as Middle East Tensions Flare
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While digital assets suffered losses, most traditional asset classes climbed higher during the day. The 10-year U.S. bond yields fell 10 basis points, while gold was up 1.5% to $2,450, slightly below its record-highs and WTI crude oil prices surged 5%. Equities also soared during the day, with the tech-heavy Nasdaq 100 index rebounding 3% and the S&P 500 closing the session 2.2% higher, led by chipmaker giant Nvidia’s (NVDA) 12% gains.

Tags: 65KBitcoinEastflareMiddlePostFOMCTensionstumbles
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