Bitcoin price falls below $65,000: These two major global events are spooking crypto investors

Bitcoin fell 2% to an intraday low of $64,512.20 as crypto investors reacted to a combination of easing US-Iran geopolitical tensions and a more hawkish US Federal Reserve outlook. The Fed's latest projections showed nine of 19 policymakers now expect at least one rate hike before year-end, reinforcing expectations of tighter monetary policy. Bitcoin has lost 16% over the past month and nearly 38% over the last year, though it has found support in the $62,000-$63,000 range.