Fed Signals Only 1 Cut in 2026, Drives Bitcoin Down 50% From Peak
The Federal Reserve held interest rates steady at 3.50-3.75% on June 16, but signaled only one rate cut for the remainder of 2026, marking a hawkish pivot that has sent Bitcoin tumbling nearly 50% from its October 2025 peak and triggered record outflows from spot Bitcoin ETFs. The decision, arriving under new Fed Chair Kevin…