The Federal Reserve kept rates unchanged at 3.50%-3.75%, but signaled no rate cuts in 2026 and left the door open for a possible hike later this year, pressuring Bitcoin and broader risk assets.
Bitcoin slipped below $65,000 after the Fed decision as Treasury yields moved higher and investors repriced expectations for tighter policy.
U.S. spot Bitcoin ETFs saw $82.2 million in net outflows on June 17, while spot Ethereum ETFs saw $29.3 million in net outflows.
Illinois signed a new 0.2% tax on digital asset transactions into law, drawing criticism from crypto industry groups over its potential impact on trading and custody activity.
Backpack’s tokenized SpaceX stock continued to draw attention after pushing Solana-based tokenized stock volume to a record $187.9 million in 24 hours.
Bitcoin is trading around $64,451, while Ethereum is trading around $1,749.
The Fear and Greed Index stands at 21, indicating fear in market sentiment.
