{"id":75506,"date":"2026-07-16T18:21:38","date_gmt":"2026-07-16T18:21:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-bulls-lose-grip-after-btc-hits-63808-as-fed-rate-bets-shift-again\/"},"modified":"2026-07-16T18:21:38","modified_gmt":"2026-07-16T18:21:38","slug":"bitcoin-bulls-lose-grip-after-btc-hits-63808-as-fed-rate-bets-shift-again","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-bulls-lose-grip-after-btc-hits-63808-as-fed-rate-bets-shift-again\/","title":{"rendered":"Bitcoin Bulls Lose Grip After BTC Hits $63,808 as Fed Rate Bets Shift Again"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin dropped 1% on Thursday, retreating under its $1.3 trillion market cap after failing to hold $65,000.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Fed policy and geopolitical risks have forced crypto to trade closely with the macro liquidity cycle.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Global Settlement CEO Ryan Kirkley warns traders not to expect a straight line to easier monetary policy.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Volatile Intraday Trading<\/h2>\n<p>On Thursday, <span>bitcoin<\/span> failed to maintain an uptrend that had seen it log significant gains in the prior 48 hours. Market data shows the <span>cryptocurrency<\/span> gradually retreated from the $65,000 threshold it had surpassed following the release of the U.S. producer price index on July 15. The descent initially halted after <span>bitcoin<\/span> dropped to just over $64,400.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>A subsequent push toward $65,000 stalled near $64,900 around 1:30 a.m. EST, triggering a sharp drop to $63,900 before a brief relief <a href=\"https:\/\/news.bitcoin.com\/bitcoin-clings-between-63-8k-to-64k-as-charts-flash-high-stakes-bull-bear-showdown\/\">rally nudged the price<\/a> back above $64,000. By 8:44 a.m., <span>bitcoin<\/span> plunged to a daily low of $63,808, though a swift rebound soon lifted it back past $64,700.<\/p>\n<p>At the time of writing (1:13 p.m. EST), <span>bitcoin<\/span> was trading at slightly over $64,200, representing a 1% daily loss. This retreat dragged the <span>cryptocurrency<\/span>\u2019s market capitalization back below the $1.3 trillion mark.<\/p>\n<p>While the release of U.S. <span>inflation<\/span> data on Tuesday and Wednesday lifted global markets, a lack of subsequent positive headlines and continuing hostilities in the Middle East demonstrated how investors may have moved too quickly to price in an easier policy path, while overlooking the structural changes reshaping financial markets.<\/p>\n<p>According to Ryan Kirkley, co-founder and CEO of Global Settlement, the June <a href=\"https:\/\/news.bitcoin.com\/cool-cpi-print-ignites-market-rebound-as-bitcoin-gold-and-stocks-rip-higher\/\">consumer price index (CPI) print<\/a> might have bought the Federal Reserve time but did not end the <span>inflation<\/span> fight.<\/p>\n<p>\u201cThe Fed has been handed time, not an exit. The case for an immediate rate hike has weakened, but the <span>inflation<\/span> fight is not over. Anyone pricing a straight line from this CPI report to easier policy is ignoring the geopolitical risk already building beneath the data,\u201d Kirkley said.<\/p>\n<h2>The Crypto-Macro Liquidity Link<\/h2>\n<p>Turning to <span>bitcoin<\/span> specifically, Kirkley argued the asset\u2019s reaction was predictable, noting it responded as traders dialled back expectations for a near-term rate hike. In his view, \u201cthat is not <span>bitcoin<\/span> separating from traditional finance. It confirms how closely <span>crypto<\/span> now trades with the macro <span>liquidity<\/span> cycle.\u201d<\/p>\n<p>When <span>inflation<\/span> cools and rate expectations fall, financial conditions loosen, prompting investors to increase risk exposure. <span>Crypto<\/span> often reacts quickly because it trades continuously, carries significant <span>leverage<\/span>, and allows capital to move in and out without waiting for traditional market hours.<\/p>\n<p>\u201cThe same dynamic works in reverse. When yields rise or the dollar strengthens, leveraged positions unwind and <span>crypto<\/span> falls faster than more defensive assets,\u201d Kirkley said in a statement shared with <a href=\"https:\/\/www.bitcoin.com\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin.com<\/a> News.<\/p>\n<p>Institutional participation has reinforced this relationship, as digital assets now respond to the same CPI releases, Treasury moves, oil shocks, and central bank signals as equities and currencies. While institutional capital has brought greater legitimacy, it has also tied <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> more closely to the traditional financial cycle.<\/p>\n<p>\u201c <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Crypto<\/a> is no longer operating on a separate set of rules. It trades with global <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a>, and pretending otherwise does not change that,\u201d Kirkley said.<\/p>\n<div class=\"not-prose my-3 lg:my-4\"><a aria-label=\"Read Now: Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 flex flex-col md:hidden\" href=\"https:\/\/news.bitcoin.com\/bitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets\/\"><\/p>\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">Fueled by positive economic data, bitcoin added to its July 14 gains on Wednesday to breach $65,000, hitting an intraday\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden md:flex md:flex-row md:gap-3 lg:hidden\" href=\"https:\/\/news.bitcoin.com\/bitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">Fueled by positive economic data, bitcoin added to its July 14 gains on Wednesday to breach $65,000, hitting an intraday\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden lg:flex lg:flex-row lg:gap-4\" href=\"https:\/\/news.bitcoin.com\/bitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F07%2Fbitcoin-tops-65500-as-209-million-in-crypto-shorts-collapse-across-markets-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p><h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">Bitcoin Tops $65,500 as $209 Million in Crypto Shorts Collapse Across Markets<\/h3>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-12 w-[180px] shrink-0\">Read Now<\/span><\/p>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Fueled by positive economic data, bitcoin added to its July 14 gains on Wednesday to breach $65,000, hitting an intraday\u2026<\/p>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-bulls-lose-grip-after-btc-hits-63808-as-fed-rate-bets-shift-again\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) 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 [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":75507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75506"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75506"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75507"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}