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Bitcoin drops below $64K after Fed's hawkish stance reverses recent gains.

Market News
18 Jun 2026
Crypto news
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Bearish
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Bitcoin fell about 4% from a recent high near $66,315 to test support around $64,000 following the Federal Reserve's hawkish policy outlook, which signaled fewer rate cuts and potential future tightening. Despite easing Middle East tensions and lower oil prices, Bitcoin's recovery faltered as monetary policy concerns dominated market sentiment. Analysts warn that if Bitcoin fails to hold $64,000, it could decline further toward $61,000-$62,000, with $60,000 as a deeper support level. The upcoming June 26 options expiry and weak institutional demand add to uncertainty, making Bitcoin's near-term price action vulnerable to volatility and downside risk.

More News (BTC)

Bitcoin falls 3% after Fed keeps rates steady but signals fewer cuts ahead

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