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Bitcoin drops below $64K as Fed's hawkish stance pressures market despite strong on-chain signals

Market News
18 Jun 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Bitcoin's price fell below $64,000 following the Federal Reserve's indication of a more aggressive interest rate stance, overshadowing positive on-chain trends like long-term holder accumulation. The Fed maintained rates between 3.50% and 3.75%, signaling tighter monetary policy than expected, which has pressured Bitcoin after a recent 12% drop. Analysts see the $64,000–$65,000 range as key support, but the current dip raises concerns about its sustainability. Investors will watch for further Fed comments and on-chain developments to gauge Bitcoin's near-term direction amid macroeconomic uncertainties.

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