Key Takeaways The Fed held rates at 3.50% to 3.75%, a fourth straight pause. Bitcoin dipped toward $64,750 on the decision, then recovered within the hour. BTC trades near $65,550, holding ab
Bitcoin absorbed a hawkish Federal Reserve with barely a flinch, dipping briefly on the rate decision before buyers reclaimed the level inside a single hour.
At its June meeting, the first chaired by newly appointed Fed Chair Kevin Warsh, the FOMC held the federal funds rate at 3.50% to 3.75%, a fourth consecutive pause that markets had priced as near-certain. The surprise was not the rate but the tone. The committee stripped the easing bias from its statement and revised its dot plot sharply higher, lifting the median year-end projection to 3.8% from the 3.4% pencilled in March, with nine of eighteen officials now seeing at least one hike before year-end.
That is a meaningful hawkish shift, and Bitcoin’s first reaction showed it. On the 30-minute chart, the candle covering the 18:00 UTC decision printed a sharp wick down toward $64,750 on the heaviest volume bar of the session, a textbook knee-jerk to a tighter-than-hoped Fed.
What happened next is the more telling part. Rather than extending lower, price snapped back almost immediately, reclaiming the $65,800 area within the same hour and pushing BTC to $65,550, down just 0.26% on the day. Bitcoin now sits just above its tightly clustered 50, 100, and 200-period moving averages, with the RSI at a neutral 56.
The takeaway is that the dip was bought, not followed. A market that shrugs off removed rate cuts and a higher dot plot is signaling that, at least for now, hawkish policy is already in the price.
This article is for informational purposes only and does not constitute financial advice. Consult a professional before making investment decisions.The post Bitcoin Dips on Fed’s Hawkish Hold, Recovers Within the Hour appeared first on Coindoo.
