May 1, 2026

Bitcoin slides below $67,000 as traders react to hawkish US macro outlook

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Bitcoin has fallen below $67,000, now trading at $66,804, a decrease of 3.1% in the past 24 hours, as traders react to a more hawkish outlook on U.S. macro policy following Kevin Warsh’s nomination as Federal Reserve chair. Analysts link this crypto selloff to expectations of tighter liquidity and fewer rate cuts, prompting concerns about price stabilization around support levels of $60,000-$65,000. Despite this downturn, spot Bitcoin and Ethereum ETFs still reported net inflows, indicating continued interest from investors even as the derivatives market underwent significant deleveraging with most leveraged positions cleared.

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