The Federal Reserve's decision to keep interest rates steady has sent shockwaves through the cryptocurrency market. Bitcoin (BTC) and ether have both fallen, with BTC trading around $63,900, down 3% in 24 hours.
The Fed's hawkish stance on inflation suggests that rates may stay higher for longer, weighing heavily on risk assets like crypto.
Despite the Iran peace deal boosting stocks and easing geopolitical tensions, the market appears to be consolidating under tighter financial conditions. Analysts expect BTC to remain between $60,000 and $70,000 unless new catalysts emerge.