Bitcoin’s $69,000 test could expose its whale-led rebound as a fragile Fed gamble

According to CryptoSlate, Bitcoin is currently trading around $65,978, just below the critical $69,000 threshold that indicates short-term holders' cost basis. The upcoming Federal Reserve meeting on July 29 is pivotal, with weaker labor data raising expectations for a more cautious monetary policy, which could either solidify or undermine Bitcoin’s recent rally driven by large investors and ETF inflows. Market conditions remain tenuous, as a failure to reclaim the $69,000 level might lead Bitcoin to retest support around $63,000. Read the full story at CryptoSlate . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.