Bitcoin · Federal Reserve (FED) · Kevin Warsh · CME Group · CryptoSlate
Bitcoin just holds $64K after Fed revives hike risk, but one level still decides whether repair is real
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The Fed left interest rates unchanged on June 17, and Bitcoin still felt the policy outlook tighten beneath it.
Key facts
- That kind of advance would also start with short-term holder MVRV pushing back above 1.0, Realized Cap turning positive on a 90-day basis, and spot eventually testing the $77,200 True Market Mean
- A bullish path has Bitcoin clearing $70,000 with enough conviction to retest $75,000 and challenge $80,000, the same move Mena flagged from May's pattern
- Bitcoin dipped roughly 2%, trading near $64,300 with an intraday low of $63,950, holding within its recent range as traders absorbed a policy outlook that had flipped from rate cuts to rate hikes
- The roughly 2% dip during the meeting kept Bitcoin inside the $64,000 to $65,000 zone without breaking it, turning that band into the market's immediate line of defense
Summary
01 Bitcoin slipped about 2% after the Fed held rates but signaled renewed hike risk in its latest dot plot. 02 The move dragged BTC with stocks, while Glassnode says spot liquidity is improving and forced selling is fading. 03 Still, Bitcoin remains below key cost-basis levels, so the $64,000 to $65,000 band must hold for repair to look real. 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 midpoint and only 1 still favoring a cut.