Bitcoin, Ethereum, XRP, Dogecoin Slide 2% as Asian Tech Stocks Tumble Ahead of Fed Rate Decision

Bitcoin slipped below $64,000 on Tuesday as a selloff in Asian tech equities reflected investor caution ahead of the Federal Reserve’s interest rate decision Wednesday.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$63,674.81
Ethereum	(CRYPTO: ETH)	$1,908.10
Solana	(CRYPTO: SOL)	$73.83
XRP	(CRYPTO: XRP)	$1.05
Dogecoin	(CRYPTO: DOGE)	$0.07056
Shiba Inu	(CRYPTO: SHIB)	$0.054609

Notable Statistics:

• Coinglass data shows 133,415 traders were liquidated in the past 24 hours for $620.81 million.       
• SoSoValue data shows net outflows of $11.6 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $9.23 million.
• In the past 24 hours, top losers include Audiera, LayerZero and Shiba Inu.

Notable Developments:

• Saylor’s Bitcoin Break Isn’t a Pivot, Expert Says: Here’s the Real Reason Strategy Pressed Pause
• Ethereum, Solana Cheer Morgan Stanley ETF Launch, Bounce 2% Intraday
• ‘A Tower of Liquidity Bound to Collapse’: Crypto Traders Pivoting to AI Stocks Take On Hedge Funds
• Tom Lee Says Bitcoin, Ethereum Decoupling Chip Stocks Is Its ‘1934 Moment’
• Bitcoin Drops Below $64,000: ‘Respect the Bear,’ Bloomberg’s Mike McGlone Says
• Raoul Pal Says ‘Young, Volatile’ Bitcoin Is Tracking Global Liquidity: ‘Nothing Is Broken’
• Circle Acquires IBM’s Entire Blockchain Patent Portfolio: ‘IBM Just Capitulated,’ Analyst Says
• Coinbase Policy Chief Says CLARITY Act Is Critical to Keep Crypto Lead Over China
• Cardano Founder Calls Trump ‘Disgusting’, Though Harris Administration Would Have Been ‘Worse’ for Crypto

Trader Notes:

Crypto chart analyst Ali Martinez said Bitcoin has lost the key $63,800 support level, weakening its near-term technical structure.

With that breakdown, analyst sees $60,000 as the next major downside target unless bulls quickly reclaim the lost support.

Ted Pillows noted Bitcoin is forming a falling wedge, a pattern often viewed as a potential bullish reversal, just as the CLARITY Act nears its final legislative stage.

The trader argues that if the bill passes, it could validate Tom Lee‘s bullish outlook, while a rejection would likely delay, but not necessarily invalidate, his longer-term thesis.

Trader Crypto Poseidonn believes Bitcoin’s summer uptrend has ended, citing a loss of key support and the formation of a lower high.

Drawing parallels with the April-May decline, he expects Bitcoin to revisit sub-$60,000 levels in the coming weeks.

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