Bitcoin remains relatively resilient, having priced in the Fed's hawkish tilt in advance.
MicroStrategy CEO Michael Saylor said the problem isn't bitcoiners but those negative headlines about mining.
Bitcoin is under pressure as Fed taper concerns linger, although some expect crypto to remain resilient.
Payments with bitcoin, ether, shiba inu and chiliz will be available at its 24 venues.
Upside momentum has been weak, which means the corrective phase from May is not yet complete.
"The data show HODLers are buyers here," one research firm noted.
The financial institution cited environmental concerns.
The U.S. central bank also increased estimates of coming inflation to 3% from the 2.2% projection in March, largely due to transitory factors.
The Bitcoin network's processing power could rebound if miners relocate to other locales, one analyst predicts.
BTC faces slowing momentum as buyers struggled at resistance. Upside limited with lower support at $34K.
Wednesday's Fed policy statement is likely to see a binary market reaction.
Bitcoin holders elsewhere could suck up all the dollars in El Salvador "like a vacuum cleaner."
John Collison said all approaches to cross-border transactions, including crypto, need to be pursued in "parallel."
Some analysts are optimistic while others prefer to see stronger signs of upside momentum before calling a bottom.
The results are up six percentage points from last month’s data, indicating sentiment on Wall Street has turned more bearish.