Bitcoin slips further 🛝

Bitcoin tumbled in the face of the Fed's hawkish interest rate hold, as geopolitical tensions caused further headwinds.

Author

Stephen Graves
March 19, 2026

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📝 What you need to know

Following the Fed’s Wednesday decision to hold interest rates steady, Bitcoin wavered—and then slumped below $70,000 Thursday morning, as stocks tumbled and oil and gas prices soared amid the escalating Middle East conflict.

Macro and geopolitical headwinds were exacerbated by whale selling, as two long-term holders offloaded Bitcoin worth some $117 million.

Analysts expect Bitcoin to stay within a contained range, with the $70,000–$72,000 zone emerging as an “important near-term support,” as ETF inflows help to absorb supply around these levels.

Bitcoin Dips Under $70K as Stocks Tumble on Hawkish Fed Hold—What’s Next?

Analysts remain cautiously optimistic after the Fed’s hawkish stance, expecting a low volatility regime ahead of the quarterly options expiry.

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