Bitcoin slides as Fed rate outlook tightens and investors heed Kiyosaki's crash warning

Bitcoin dropped more than 2% in a 24‑hour period, wiping out about $315 million of leveraged long positions, prompting net outflows from Bitcoin ETFs and a modest discount on Coinbase. The sell‑off was driven by rising expectations that the U.S. Federal Reserve will raise rates at its July meeting, a view reinforced by a sharp rise in Brent crude prices after tensions in the Strait of Hormuz and firm comments from Fed officials.

Separately, author and investor Robert Kiyosaki warned that assets dependent on “trust,” such as fiat currencies and many securities, could be destroyed in an upcoming market crash. He advocated holding gold, silver, oil and Bitcoin as the only holdings likely to endure, citing the United States’ $39.5 trillion national debt and $18.8 trillion household debt as indicators of systemic risk.