Bitcoin's price fell below $64,000 following the Federal Reserve's decision to keep the federal funds rate steady at 3.50%–3.75%, while signaling a hawkish outlook. This move by the Fed has weakened support for risk assets, leading to a nearly 4% decline in Bitcoin from its previous level of around $66,400. Despite the drop, there has been no significant buying interest to stabilize the cryptocurrency.
In contrast, gold experienced a strong rebound, climbing back above $4,300 after a brief dip. The precious metal's recovery highlights its appeal as a safe-haven asset amid the Fed's hawkish signals.
Bitcoin Drops Below $64,000 as Fed Maintains Hawkish Stance
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