Bitcoin Navigates $74.6K Support Amidst Global Economic Uncertainty

Bitcoin’s price is currently hovering around $77,038 as it faces pressure from a weakening global market. After testing key support at $74,604, the crypto asset faces the potential for significant downward movement if selling pressure intensifies above this crucial level. This comes as macroeconomic pressures like rising interest rates and inflation continue to weigh down investor sentiment. While Bitcoin’s price has decreased by 7% over the past 24 hours, the digital currency remains volatile, with market experts warning of a potential cascade effect if it follows stock market trends that have seen significant declines.