Bitcoin Slides Below $114,000 as Fed Minutes Highlight Stablecoin Concerns

Bitcoin fell sharply below $114,000 following the release of the latest Federal Reserve meeting minutes, which mentioned 'stablecoins' eight times and contributed to a negative shift in sentiment across crypto markets. Institutional flows show mixed signals, with spot Bitcoin ETFs like FBTC experiencing outflows while FETH saw inflows. The broader macro backdrop is marked by continued policy uncertainty from the Fed, with analysts closely watching for shifts in interest rate guidance.