Bitcoin Slides to $64K as Hawkish Fed Signals Possible Rate Hike in 2026

Bitcoin dropped to $64,000 after the Fed's first meeting under Chair Kevin Warsh signaled a hawkish stance, with the median rate projection lifted to 3.8% and odds of a rate hike by September rising to 70%.

• The Fed held rates at 3.50%-3.75% but the median year-end 2026 rate projection rose to 3.8%, implying at least one hike this year.
• Odds of a rate hike by September jumped to roughly 70%, up from 30% a day earlier, with expectations for any 2026 cut collapsing to zero.
• Bitcoin fell to $64,000, while Strategy (MSTR) dropped 5% and its STRC preferred stock hit a new low of $89.
• Chair Kevin Warsh stressed commitment to price stability and removed the easing bias from the Fed statement.
• Rising yields and a firmer dollar tighten conditions for risk assets, dampening hopes for a crypto summer recovery.

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

Last updated 19 Jun 2026