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Wed, Jul 8 • Nairobi

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Crypto

Bitcoin peels back to $62K as Fed-wary futures traders cut risk: Is the BTC rally over?

▶ CoinTelegraph Jul 8, 2026 2h ago 👁 2 views

Bitcoin peels back to $62K as Fed-wary futures traders cut risk: Is the BTC rally over?

📋 Article Summary

58 words

Bitcoin hovered around the $62,000 mark following a spike in oil prices, escalating hot war in Iran and traders’ move to cut risk ahead of a Federal Reserve policy statement. Bitcoin hovered around the $62,000 mark following a spike in oil prices, escalating hot war in Iran and traders’ move to cut risk ahead of a Federal Reserve policy statement.

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