Bitcoin just holds $64K after Fed revives hike risk, but one level still decides whether repair is real

CryptoSlate5h agoUpdated 5h ago
Bitcoin just holds $64K after Fed revives hike risk, but one level still decides whether repair is real
Smart Read

The Fed left interest rates unchanged on June 17, and Bitcoin still felt the policy outlook tighten beneath it. The FOMC voted to hold its target range at 3.50% to 3.75%, but 9 of the 18 submitted dot-plot projections now point to at least one rate hike before year-end, against 8 holding at the current […] The post Bitcoin just holds $64K after Fed revives h...

Coins in this story

BTC
₹60,800.31
-0.32%
DOT
₹0.941747
+0.17%

Related stories

The bond market is flashing a clear signal on interest rates. Bitcoin bulls should take note
CoinDesk11h ago60-word brief

The bond market is flashing a clear signal on interest rates. Bitcoin bulls should take note

The bond market is sending a signal that complicates prospects of a near-term bitcoin bull run....

CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification
Bitcoin Magazine4h ago60-word brief

CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification

Bitcoin Magazine CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification CME Group plans to sue the CFTC over its approval of bitcoin perpetual futures, arguing the contracts are swaps — not futures — under Dodd-Frank. This post CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Fran...

Strategy’s STRC draws bearish options bets as it falls to new all-time low
CryptoSlate5h ago60-word brief

Strategy’s STRC draws bearish options bets as it falls to new all-time low

Options traders are building bearish positions around Strategy's (formerly MicroStrategy) flagship preferred STRC stock after the security fell to a record low, adding a new layer of pressure to one of Michael Saylor’s main funding tools for buying Bitcoin. Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, known by the ticker STRC, closed ...

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.