Bitcoin price wedged into ‘most divided’ FOMC as Iran war spikes oil prices 8%

Bitcoin (BTC) whipsawed around $64,000 on Wednesday as geopolitical and macroeconomic tensions pressured US stocks.Key points:Bitcoin constricts near $64,000 as traders contend with multiple macro headwinds.Downside in Asian stocks continues to spill over into US markets.The US Federal Reserve prepares to release its next interest-rate decision, a potential risk-asset volatility catalyst.Risk-asset hurdles pile up ahead of FOMC meetingData from TradingView showed BTC/USD halting a local rebound at the Wall Street open, having hit 11-day lows of $62,700 the day prior.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewThese came as part of a risk-asset rout by a selloff in Asian chip-stocks. This trend continued on Wednesday as markets showed increasing concern over the debt obligations by semiconductor and AI giants.Renewed nerves over escalation in the US-Iran war added to the headwinds, with US President Donald Trump threatening a “beating” as tit-for-tat strikes continued.“We’ll be hitting them hard. They’re going to get a beating,” he said in an interview with Fox News.Oil prices snapped higher as a result, with WTI and Brent crude up 7.6% and 5.4%, respectively. Oil-price...