Bitcoin is holding near $66,000 after Federal Reserve chair Kevin Warsh confirmed at his first press conference that rates will remain at 3.5 percent through 2026.
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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.
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.
Markets expect the Federal Reserve to hold interest rates at 3.5 to 3.75 percent at the June 16-17 FOMC meeting as energy-driven inflation keeps policymakers in a wait-and-see mode.