Bitcoin, ether slide after a hawkish Fed, even as Trump’s signed Iran deal lifts stocks
The Fed held rates but signaled it is more worried about inflation than growth in Chair Kevin Warsh’s first meeting.
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Summary
- Cryptocurrencies fell broadly despite a market-lifting Iran peace deal, as investors focused on a more hawkish Federal Reserve stance on inflation.
- The Fed left interest rates unchanged but signaled higher-for-longer borrowing costs, tightening financial conditions that typically weigh on risk assets like bitcoin and ether.
- Analysts expect bitcoin to remain rangebound between $60,000 and $70,000 absent a major catalyst, such as new U.S. crypto legislation or further U.S.-Iran de-escalation.
