Before the Federal Reserve meeting, BTC has already “knelt”—can the 63.7k support hold? The debut of this Powell successor is packed with highlights.

CoinWorld News reports that the price of Bitcoin fell back to $65,000 ahead of the Federal Reserve’s policy decision, dropping from a near $67,200 peak on June 16 to an intraday low of $65,236. Investors are waiting for the results of the Fed’s two-day policy meeting, with expectations that interest rates will remain unchanged at 3.50%–3.75%. The market is focused on the Fed’s updated dot plot and the first press conference following the newly appointed chair Kevin Walsh’s inaugural meeting. Meanwhile, gold and silver prices edged lower, and oil prices slid for the fifth consecutive day toward $75 per barrel. Analysts say the market is closely watching whether the $63,700 support level can hold.