Bitcoin Hits $74,937 Low on Fed Hold, Hot PCE, Trump Iran Briefing Order

Bitcoin tumbled to an intraday low of $74,937 and trades near $75,700 after the Fed held rates at 3.5%-3.75%, PCE inflation surged to 3.5% YoY, and Trump ordered a CENTCOM briefing on Iran amid Strait of Hormuz tensions and oil above $111. From April 21 lows near $74,000 on initial Iran fears, BTC rallied over 5% weekly to near $80,000 fueled by ceasefire hopes, $58.23 billion spot ETF inflows, and MicroStrategy's $2.54 billion purchase, but $80K fakeouts liquidated $275 million shorts. Canceled talks dropped it to $77,200, Hormuz standoffs triggered further pullbacks, and spot volumes hit two-year lows as $75,000 support holds critically.