Crypto Market Divided as Bitcoin Dips Below $65K Amid Hawkish Fed Remarks

Bitcoin's price dropped below $65,000 on Thursday, following Federal Reserve Chairman Kevin Warsh's hawkish speech on Wednesday. The broader cryptocurrency market remains divided, with altcoins like Ethena and Stellar advancing.

Ethena has jumped by 10% in the previous day and continued to rise towards the psychological mark of $0.1000. Its price is now marginally above the 50-day Exponential Moving Average (EMA) at $0.0961, but remains below the 100-day EMA at $0.1106 and the 200-day EMA at $0.1573.

Stellar has also seen significant gains, rising over 7% on Thursday to trade above $0.2400. The cryptocurrency holds well above its key moving averages, with the Golden Cross pattern potentially signaling a longer-term upside trend.