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Bitcoin faces potential drop below $64k amid Fed rate hold and miner sell-off pressure.

Market News
17 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

The U.S. Federal Reserve is expected to keep interest rates steady at 3.50%-3.75% after its June 17 meeting, which may cause short-term Bitcoin price volatility. Bitcoin recently bounced to around $65k due to optimism from U.S.-Iran peace talks but is showing signs of weakness with declining trading volumes and increased selling pressure from miners operating at a loss. On-chain data indicates miners and holders are still facing heavy losses, and Bitcoin's price trend remains bearish, with a possible drop below $64k support that could lead to further declines below $59.1k. This suggests Bitcoin has not yet entered its extreme bear phase but may see more losses ahead.

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