Bitcoin Drops to $62K as Hawkish Fed Shift Pressures Risk Assets

Bitcoin fell 4% from a June 17 high of $66,315 to an intraday low near $62,000 after the Federal Reserve signaled a tighter policy path. The Federal Reserve held its benchmark rate at 3.50% to 3.75% while policymakers reduced expectations for rate cuts. The move outweighed an interim U.S.-Iran agreement that reopened the Strait of Hormuz and allowed Iranian oil exports to resume. Bitcoin Magazine Pro data shows the upcoming June 26 options expiry carries roughly $10.5 billion in open interest.
BTC-2.37%
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