Traders assess Bitcoin’s resilience at $64,100 following the Fed’s revised rate outlook and hawkish tone under new Chair Kevin Warsh.
Bitcoin traded near $64,100 on Thursday, down 1% on the day but up 2% over the past week, as markets digested the Federal Reserve’s hawkish signals. The cryptocurrency’s market cap remained close to $1.29 trillion despite a pullback tied to the Fed’s updated projections.
The Fed held rates at 3.5%–3.75% but raised its year-end rate forecast, reviving bets for a potential July hike. This shift cooled a relief rally that had pushed Bitcoin to $67,000 earlier in the week amid U.S.-Iran de-escalation. Analysts noted $60,000 support and slowing ETF outflows as signs of stability.
Ethereum and Solana also eased, trading near $1,740 and $72, respectively. The Fed’s tone, rather than its decision, drove the market’s cautious reaction, analysts said.