Crypto Market Crumbles After FOMC Meeting and Warsh Press Conference

The crypto market is experiencing a downturn after the FOMC meeting and Kevin Warsh's press conference. Bitcoin (BTC) dropped significantly, losing over two grand from its peak to find support at $63,600.

This volatility follows a previous weekend's market surge when US President Donald Trump announced a deal with Iran, causing BTC to rise to $66,000 before dipping back down. The FOMC meeting kept interest rates unchanged, but Warsh's speech suggested that the 'easy money' Chairman hopes were not met.

XRP has fallen below its critical support level at $1.20, while Ethereum (ETH) slid beneath $1,750 and BNB lost its $600 support level. In contrast, XLM defied the trend with a 10% surge to $0.24.