Bitcoin at $68,000 Level: Fed Policies and Macroeconomic Expectations Shape the Market

'Sell the News' Period in the Markets Bitcoin (BTC) has retreated to the $68,000 band, testing critical support levels.
Analysts explain this situation through the "buy the rumor, sell the news" principle, noting that the bureaucratic process for implementing legal regulations has lagged behind market expectations.
Furthermore, concerns that the new administration's customs duties and fiscal expansion policies could create inflationary pressure in the short term have pushed bond yields higher, triggering a move away from risky assets.
Fed and Monetary Expansion Expectations Despite short-term pessimism in the market, expectations for monetary expansion in the second half of 2026 remain intact.
According to analyses from institutions such as Standard Chartered and Bernstein, signals of a slowdown in the U.S.
economy could lead the Fed toward interest rate cuts later in the year.
In particular, candidates mentioned for the Fed chairmanship are anticipated to follow a more dovish monetary policy to support growth.
In the event of a potential interest rate cut and liquidity injection into the market, the resulting weakness in the Dollar Index (DXY) is expected to be a driving force for Bitcoin and other crypto assets.
Price Forecasts and Institutional Approach In future scenarios, analysts are focusing on two main technical levels.
If the $68,000 support is permanently broken, the market is expected to establish a strong base in the $52,000-$55,000 range.
Conversely, if the Fed moves toward easing monetary policies, Bitcoin is projected to target the $100,000-$120,000 band by the end of the year.
On the institutional side, outflows observed in Spot Bitcoin ETFs managed by giants like BlackRock and Fidelity indicate that investors are following a risk-reduction strategy rather than panic selling.
On-chain data reveals that long-term investors are maintaining their holdings.