Bitcoin Extends Decline Below $75K After Fed Holds Rates on Middle East Uncertainty

Bitcoin extended a two-day decline below $75,000 after FOMC minutes confirmed holding the federal funds rate at 3.5–3.75%, citing inflation uncertainty and Middle East developments. The cryptocurrency hit an intraday low of $74,937 and failed to reclaim the 20-day simple moving average near $75,664, with on-chain signals like rising open interest, neutral funding, and short-term profit-taking indicating reduced bullish momentum. Despite fragile near-term price action, institutional ETF flows and rising CME open interest are building an accumulation base around $65,000–$70,000.