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Crypto: Bitcoin falls after Fed skips rate hike in June, but points to two more increases this year – Vested Daily

Crypto: Bitcoin falls after Fed skips rate hike in June, but points to two more increases this year

June 14, 2023

Major cryptocurrencies fell on Wednesday, after the Federal Reserve kept interest rates unchanged at the end of its two-day June meeting, but senior officials suggested another 50 basis points of rate hikes remain on the table, if inflation doesn’t slow faster.

Bitcoin BTCUSD dropped 3% over the past 24 hours to around $25,068 on Wednesday, according to CoinDesk data. The cryptocurrency gained more than 56% so far this year, but is still down more than 60% from its peak in 2021.

Ether…

This post was originally published on Market Watch