Fed Hawkish Pivot Crushes Bitcoin and Ethereum as Rate-Cut Hopes Vanish
The Federal Reserve’s hawkish dot plot on June 17 has triggered a sharp sell-off across digital assets, with Bitcoin steadying near $63,926 and Ethereum declining 2.86% to $1,740 as market participants reassess rate-cut expectations for 2026. The dovish narrative that powered crypto markets earlier in the year has evaporated, replaced by a harsh reality: interest…
