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Bitcoin falls after Fed implies 2026 rate hike
Crypto prices fell on June 18 after the US Federal Reserve kept its benchmark rate at 3.5% to 3.75%.
Bitcoin traded around US$63,900, down 3% over 24 hours.
Ether fell 3.4% to US$1,733, XRP dropped 3.9% to US$1.17, Solana lost 3.6% to US$71, and Hyperliquid’s HYPE token slid 7.2% to US$69.
Tron was the only major crypto token to rise, up 0.9%.
Hashdex, a Brazil-based crypto asset manager, said Bitcoin may stay between US$60,000 and US$70,000 in the coming weeks unless a new catalyst emerges, according to Gerry O’Shea, its head of global market insights.
Combined exchange volumes fell 3.45% in May to US$4.41 trillion, the lowest since September 2024, according to CCData’s measure of centralized spot and derivatives trading.
🔗 Source: CoinDesk
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