Crypto Prices Slump as Rate Hike Expectations Grow

The prices of Bitcoin and Ethereum are slipping this morning due to expectations of at least one rate hike in the months ahead. This sentiment follows last week's Federal Reserve meeting, where the possibility of rate cuts this year gave way to a more hawkish stance.

Higer interest rates can put downward pressure on crypto prices as investors move into higher-yielding assets and costlier borrowing costs reduce investable cash available.

The price of Bitcoin opened at $63,951.51, up 1.1% from yesterday's opening price, but fell to $62,256.40 by 9:36 a.m. ET. Ethereum also rose in the morning, opening at $1,726.52, up 1.3% from yesterday's open, but slid to $1,654.21 by 9:36 a.m. ET.

The all-time high for Bitcoin was $128,198.07 on October 6, 2025, while the all-time low value for Bitcoin was $0.04865 on July 14, 2010. For Ethereum, the all-time high was $4,953.73 on August 24, 2025, and the all-time low value was $0.4209 on October 21, 2015.