Bitcoin Price Tumbles Below $64K as Fed's Hawkish Stance Takes Toll

Bitcoin's price has slipped below $64,000 due to the Federal Reserve's hawkish stance on monetary policy. The Fed's actions have put a damper on the rally driven by the recent peace deal in Ukraine.

The Bitcoin price had been on an upward trend, but it reversed course after the Fed indicated that it would maintain its hawkish stance on interest rates. This move has caused concern among investors and traders who were hoping for a more dovish approach from the central bank.

Bitcoin's price has been volatile in recent days, with some analysts predicting that it could fall further if the Fed continues to tighten monetary policy. However, others believe that the cryptocurrency will recover once the market adjusts to the new interest rate environment.