Bitcoin Falls 3% as Fed Signals Fewer Rate Cuts Ahead

Bitcoin prices dropped by over 3% after the Federal Reserve's decision to keep interest rates at 3.5%-3.75%. The central bank also raised its inflation forecasts and signaled fewer rate cuts in the future.

The Fed's more restrictive stance has limited speculative investments, causing digital assets like Bitcoin to remain weak despite a boost from President Trump's interim peace agreement with Iran that lifted equity futures.

Experts expect Bitcoin to trade between $60,000 and $70,000 unless new catalysts emerge, such as crypto legislation or progress in US-Iran relations. The market awaits clearer regulatory frameworks and institutional participation to regain momentum.