Bitcoin hit a weekly low of $64,150 following the Federal Reserve's latest policy announcement, which carried a more hawkish tone than many market participants had anticipated. The move extended a slide that began in the days leading up to the Fed meeting, with traders reducing exposure ahead of the decision. On-chain signals offer a mixed read: realized losses dropped 46% and spot bid-side liquidity has been rebuilding, suggesting the heaviest selling may be easing.
A hawkish Fed — one signaling fewer or later interest rate cuts — is structurally negative for risk assets like Bitcoin, since higher rates make safer investments like bonds relatively more attractive. However, the 46% drop in realized losses and improving spot liquidity suggest that panic selling has cooled, which could limit further downside. Investors holding BTC or crypto-exposed equities like MSTR should watch whether the $64K level holds as support.
Next FOMC meeting and rate decision: approximately six weeks out. Watch for any Fed official speeches in the coming days that clarify the pace of future rate cuts.
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