Bitcoin held near $64,000 as Federal Reserve chair Kevin Warsh signalled no 2026 rate cuts at his first FOMC press conference, with crypto traders assessing what the hawkish shift means for risk assets.
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The Federal Reserve held interest rates at 3.50-3.75 percent on Wednesday as new chair Kevin Warsh led his first FOMC press conference, with the updated dot plot showing no cuts expected in 2026.
Bitcoin traded near $64,000 on Tuesday as cryptocurrency markets held their breath ahead of the Federal Reserve’s June rate decision, with traders watching closely for any shift in the Fed’s forward guidance.