Bitcoin fell below $64,000, reaching a local low of around $63,680, against the backdrop of the Fed’s first meeting chaired by Kevin Worth. The regulator maintained a key rate of 3.5-3.75%, but the chief’s "hawkish" rhetoric and hints of a possible rate increase before the end of the year triggered a sell-off of risky assets. Bitcoin was followed by Altcoins: Ethereum, Solana and XRP lost between 2.9% and 3.8%, while the GMCI 30 index fell by 2.6%.

The Fed’s dot chart shows a split: nine officials are waiting for the rate to be maintained or reduced, and so is its rise. Warsh made price stability and fighting inflation of up to 2% an unconditional priority, and called the possible surge in energy prices due to the situation in the Middle East the main risk. Amid strong signals, the yield on two-year US Treasuries rose by 14.4 bp and gold fell by 1.39%. Meanwhile, the S&P 500 and Nasdaq stock indices rose, ignoring the Fed’s monetary policy decisions amid reports of a geopolitical détente.

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