Breaking - A new earthquake hits Bitcoin now: the price is sliding towards $67,000

A sharp downward wave is sweeping through the cryptocurrency market these days, with Bitcoin experiencing strong selling pressure. The price is currently down 0.92% over the past 24 hours, settling at $67,100, indicating the continued wave of pessimism dominating traders.

Sharp Decline in the Cryptocurrency Market

The selling pressure is not limited to Bitcoin alone. The pessimism has extended to major altcoins such as Ethereum and Solana, which have recorded parallel declines. This simultaneous decline across multiple digital assets reflects a unified fear in the market, with the sell sentiment reaching 50%, indicating a lack of confidence in current prices.

This pressure suggests that investors expect further price declines in the coming weeks, especially given the absence of strong support levels at current prices.

Pressure from U.S. Monetary Policy

Federal Reserve decisions play a central role in determining market trends. The U.S. Federal Reserve decided to keep interest rates at their current levels, disappointing traders who were expecting monetary easing. Jerome Powell, the former central bank leader, added stern messages about the desire to control inflation, implying that interest rates will remain high for a longer period.

Speculation about Powell’s successor—particularly the potential appointment of Kevin Worch—raises additional concerns among investors. Worch is known for his hawkish stance on reducing financial liquidity, which directly harms high-risk assets like cryptocurrencies.

What’s Happening Now in the Market?

The market is currently experiencing a wave of liquidation of large buy positions. Options contracts are approaching sensitive price levels, triggering automatic sell orders and draining liquidity from markets. This panic creates a vicious cycle: selling pressure pushes prices down, which in turn triggers more liquidation.

The market now stands at a critical juncture. If Bitcoin can hold above $65,000, it may gradually start recovering some gains. However, if it breaks below this level, it could face additional downward pressure toward the $60,000 zone, a scenario analysts currently do not rule out.

Ultimately, the current market earthquake is not just transient volatility but a reflection of structural challenges facing the sector—from U.S. monetary tightening to the lack of institutional demand. Traders are now closely watching upcoming economic data and political decisions, awaiting a clear signal about the market’s next direction.