Federal Reserve (FED) · Kevin Warsh · Bitcoin · Ethereum · The Block
Crypto markets wobble after hawkish Fed outlook in Kevin Warsh’s first FOMC meeting
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Major cryptocurrencies edged lower on Wednesday after the Federal Reserve held interest rates steady but released hawkish economic projections in Kevin Warsh's first meeting as chair.
Key facts
- Bitcoin (BTC) traded around $64,150, down roughly 2.2% over the past 24 hours, while ether (ETH) fell 3.6% 's crypto price page
- Other top cryptocurrencies like XRP (XRP) and Solana (SOL) slipped by around 3% while Hyperliquid's (HYPE), which reached a new all-time high yesterday, dropped 1.5% to $72
- The GMCI 30, which tracks the top 30 largest cryptocurrencies by market cap, was down about 2.6%, bringing its year-to-date drop to nearly 36%
- The Federal Open Market Committee voted 12-0 to maintain its target federal funds rate at 3.5% to 3.75%, an expected decision that was mostly priced in leading up to the meeting
Summary
Bitcoin (BTC) traded around $64,150, down roughly 2.2% over the past 24 hours, while ether (ETH) fell 3.6% 's crypto price page. Other top cryptocurrencies like XRP (XRP) and Solana (SOL) slipped by around 3% while Hyperliquid's (HYPE), which reached a new all-time high yesterday, dropped 1.5% to $72. The GMCI 30, which tracks the top 30 largest cryptocurrencies by market cap, was down about 2.6%, bringing its year-to-date drop to nearly 36%. Traditional safe-haven assets also weakened following the decision, with gold falling by 2.2% and silver dropping by an even more dramatic 4%.