US DOJ strike force 'restrains' $701M in crypto in ongoing scam crackdown

What To Watch

• 1.BTC $68,500 — a daily close below this key support level, which has held since early May, would signal a potential retest of the $64,000 range and a loss of bullish momentum.
• 2.Stablecoin Dominance — a significant drop below 10% would signal increased risk-on sentiment, potentially leading to capital flowing into riskier assets like BTC and ETH, driving prices higher.
• 3.US Federal Reserve's 'Higher for Longer' Stance — if the Fed signals an extended period of high interest rates due to persistent inflation, it would likely dampen investor appetite for risk assets like crypto, potentially leading to significant capital outflows and price declines.