Bitcoin Slides Below $63K After Hawkish Fed Meeting Under New Chair Kevin Warsh

Bitcoin is currently battling intense macroeconomic headwinds. The crypto market has decoupled and is trading firmly on monetary policy. The Crypto Fear & Greed Index has plunged to 15 (Extreme Fear), hitting its lowest level since the May cycle lows.

The primary driver behind Bitcoin’s recent slide from the $66,000 range to under $63,000  baseline was the US Federal Reserve meeting.

 While the Fed kept interest rates steady at 3.50%–3.75%, the newly appointed Fed Chair, Kevin Warsh, eliminated forward guidance and delivered a surprisingly aggressive “dot plot” projection.

 Nine out of eighteen Fed officials now project at least one interest rate hike before the end of 2026, effectively shattering any remaining hopes for near-term rate cuts. Higher interest rates generally draw capital away from speculative risk assets like crypto.

 Following the Fed’s announcement, institutional sentiment cooled rapidly, resulting in over $111 million in net outflows from spot Bitcoin and Ethereum ETFs in a single day.

Despite the short-term price stagnation and future liquidations, underlying on-chain data shows massive resilience from high-conviction buyers:

 Long-term holders absorbed a massive 125,000 BTC over the first few weeks of June. This marks one of the largest monthly accumulation events of the current market cycle, heavily cushioning the floor price. Crucial Support: $61,000 – $63,500. Analysts note that this zone must hold during this week’s macro volatility to prevent an extended breakdown toward $55,000. Immediate Resistance: $67,500.Bitcoin needs to clear this level convincingly to regain its macro bullish momentum and re-invite broader institutional retail trading.

Bitcoin Instability Revealed after Thursday Shakeup

Bitcoin (BTC) climbed quickly on Monday this week and then headed off a downtrend Wednesday, but by early Thursday, it was obvious that the coin was losing ground.

Bitcoin is unstable due to a lengthy bear trend in 2026.
Bitcoin is unstable due to a lengthy bear trend in 2026.

On Thursday, Bitcoin fell 3% and eliminated most of the gains from earlier in the week. Dropping to $$63,261 (BTC/USD), Bitcoin is part of a larger market wide bear trend that pulled Ethereum (ETH) down 2.47% for the day as well.

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Cryptocurrency coins were bullish on Monday but have since lost most of those new gains. The crypto market is behaving very differently from the U.S. stock markets, which are seeing gains in financial, travel, and other cyclical stocks on news that Iran and the United States have reached an agreement for peace in the Middle East.

Bitcoin Slips Further into Extreme Fear

On the Bitcoin Fear & Greed Index, Bitcoin fell this week, moving from a rating of 22 down to 15. That means that market sentiment is dropping and the coin is headed deeper into Extreme Fear territory where it will be harder for it to find its way out.

Bitcoin’s movement over the last week is only slightly positive at this point, up just 0.14%. However, the BTC rate has been dropping since late Wednesday and shows no sign of slowing down. Investor support is obviously sinking for the already unstable coin and a market that is showing signs of strong fluctuations.

The ETF market for Bitcoin is showing intense selling pressure. Reports indicate outflows of $86.02 million for June 17th, but not everyone is selling. Fidelity FBTC reported massive inflows for the same day- just over $14 million. At the same time, Ethereum ETF outflows are also high, and the data shows more than $29 million in outflows for that crypto product.

It appeared that Bitcoin and the wider crypto market were going to climb this week, especially when the stock market performed so well early on and Middle East news was positive. However, a quick turnaround Tuesday marked the tone for the rest of the week, and now analysts expect further decline from Bitcoin and other tokens.

Bitcoins were trading quickly on Thursday at the time of writing, with a bump of 42% from the previous day. With $34.4 billion traded over the last 24 hours, there is still massive interest in the coin, but it is way down from January’s numbers, and investors may be growing tired of Bitcoin’s failure to hold onto its gains.

Bitcoin Crashes Below $65K as Fear and Greed Index Plunges to Extreme Fear

Bitcoin is experiencing a bit of a summer slowdown and heavy volatility, down roughly 48% from its all-time high of $126,000 back in October 2025. Latest price action showed it sank below $65K.

Bitcoin Finds Support as Corporate Buying Offsets ETF Outflows and Economic Pressure

The biggest short-term focus for traders has been the Federal Reserve’s latest interest rate decision. While the market fully anticipated the Fed keeping interest rates steady at 3.75%, the broader crypto market has remained cautious. Persistent energy-driven inflation pressures ( stemming from recent geopolitical tensions in the Middle East pushing oil prices around) have kept risk assets like Bitcoin from making any aggressive upward moves over the last few sessions.

On the bullish side, institutional integration is hitting massive new milestones.SpaceX officially debuted on the Nasdaq on June 12, revealing a staggering 18,712 BTC (worth $1.29 billion) on its balance sheet. Following that debut, SpaceX Bitcoin ETFs shattered records, pulling in a massive $3 billion in volume in just their second day of trading—doubling the pace of BlackRock’s historic IBIT launch last year.

The Crypto Fear and Greed Index has plunged to 23, signaling a state of “extreme fear”. Historically, these cycle lows are when early retail investors capitulate while major institutional treasuries quietly absorb the supply.

On-chain data shows a distinct drop in overall Bitcoin network activity over the last couple of weeks, with a general lack of clear directional momentum.

: Analysts note heavy options clustering around the $68K to $70K range, meaning any break above current resistance could trigger sharp, amplified volatility.

In related industry news, the intersection of politics and crypto continues to expand. The UFC announced it will be paying fighter bonuses for its highly publicized White House MMA event using a new dollar-backed stablecoin (“USD1”) issued by the Trump family-backed World Liberty Financial venture.

Meanwhile, high-profile analysts remain split on the medium-term outlook: figures like Robert Kiyosaki are doubling down on long-term targets of $250,000, while short-term traders are waiting for macroeconomic clarity before expecting a push back toward the $70K mark.

XRP Posts Impressive 8% Gain — But $1.3 Proves Too Tough

 XRP recently staged an 8% relief rally, reaching about $1.28–$1.30. However, it faced heavy profit-taking and technical resistance at that level, pulling back slightly to find immediate support around $1.20.

The broader crypto market is moving cautiously as traders brace for the upcoming Federal Reserve policy meeting and the release of the “dot plot” interest rate projections. High-beta assets like XRP are expected to swing heavily based on how hawkish or dovish the Fed’s tone is.

Wall Street’s appetite remains incredibly high. Seven US spot XRP ETFs are active, pulling in a cumulative $1.44 billion over consecutive weeks of institutional buying. Goldman Sachs was recently revealed as a top holder with a $153.8 million position across several funds.

Despite heavy institutional accumulation, the price has remained somewhat compressed because big money is waiting for permanent legislative backstops. All eyes are on the US Senate regarding the CLARITY Act, a bill aimed at permanently codifying XRP’s status as a commodity under federal law. Analysts view this as the key binary event for a structural re-rating.

  Japan’s lower house recently approved a major bill classifying cryptocurrencies like XRP directly under its Financial Instruments and Exchange Act. Crucially, this replaces their steep, tiered crypto tax rate (which could run up to 55%) with a clean, flat 20% capital gains tax, significantly clearing the path for local retail and institutional adoption.

Ripple has formally partnered with Bitso to launch MXNB, a Mexican peso-backed stablecoin settled on the XRP Ledger (XRPL). This marks the first enterprise deployment utilizing XRPL’s permitted decentralized exchange (DEX) infrastructure to handle heavy US-Mexico remittance corridors. Ripple is also actively scaling infrastructure across Turkey, the UAE, and South Korea for tokenized bond and wallet custody frameworks.

Bitcoin Surges as US-Iran Ceasefire Deal Ends Four-Month Conflict

Bitcoin experienced a major shift in market sentiment over the last 24 to 48 hours, breaking out of a tight multi-week slump to surge past $65,000–$67,000.The primary driver behind Bitcoin’s sudden 5%+ jump is a major geopolitical shift:  

News emerged confirming a formal memorandum of understanding for a ceasefire between the US and Iran, potentially wrapping up a tense four-month conflict. This triggered a rapid return of risk appetite across global financial markets, sending crypto shorts scrambling.

Bitcoin Finds Support as Corporate Buying Offsets ETF Outflows and Economic Pressure

 On-chain data from CryptoQuant indicates that large-volume “whale” selling has significantly cooled down. The “Coin Days Destroyed” (CDD) metric—which tracks when long-dormant supply moves—has plunged near zero, signaling that long-term holders are moving back into accumulation mode rather than selling.

Bitcoin’s technical structure has flashed an immediate bullish signal by decisively breaking through the dense resistance at $64,000. The previous resistance around $62,000–$64,000 (which aligns with its 200-week simple moving average) has now flipped back into vital support. As long as BTC holds above this area, the short-term bias remains to the upside.

Analysts and traders are now eyeing a push back toward the $69,000 to $70,000 range if momentum sustains through the week. While geopolitics gave Bitcoin a massive lift, its immediate runway faces a heavy macro hurdle. The Federal Reserve will announce its latest interest rate decision. Market consensus currently points to a 97.4% probability that rates will remain paused in the 3.50% -3.75% range.

 This marks the highly anticipated policy debut of the new Fed Chairman, Kevin Warsh. Investors will be hyper-focused on the updated “dot plot” (economic and rate projections) and Warsh’s tone during the press conference to gauge whether the Fed plans to pivot toward rate cuts later this year or hold a hawkish line.

Brian Armstrong (Coinbase CEO): Reaffirmed his multi-year-long position on June 15, noting that while Bitcoin’s historical 4-year cycle faces a “question mark” at mid-2026, his instinct is that the asset has likely found its cyclical bottom.

The AI ​​Convergence: Institutional strategists are increasingly pointing to a structural bull case for Bitcoin driven by artificial intelligence. As AI-generated content grows exponentially, decentralized blockchains are projected to become the default ledger for verifying digital scarcity, data integrity, and asset ownership.

Ethereum Enters Most Oversold Levels in History, ETH trading in $1,730 range

ETH trading in the  $1,730 range. A combination of spot ETF outflows, US–Iran geopolitical tensions, and a hawkish Federal Reserve (reducing the likelihood of near-term rate cuts) has pushed traders toward safe-haven assets like the US dollar, leading to a leverage unwind of the altcoin.

Analysts note that Ethereum’s Relative Strength Index (RSI) has hit historically oversold territory, matching deep bear market bottoms seen in previous cycles.

Heavy buying liquidity sits near $1,600. If that fails, a retest of the $1,450 – $1,500 zone is possible. Bulls are eyeing a reclaim of the $1,743 level. Reclaiming this space could trigger a “bear trap” scenario, potentially clearing the way for a relief rally back up toward $1,850 or $1,900.

Ethereum developers are actively rolling out standards to support the emerging AI economy. A newly proposed standard, ERC-8126, has been released to establish a standardized verification framework for autonomous AI agents. It works alongside ERC-8004 (identity) and ERC-8183 (commerce) to build a multi-layered infrastructure for secure, privacy-preserving machine-to-machine transactions using zero-knowledge proofs.

According to institutional market observers, major financial institutions are transitioning away from quiet “sandbox” crypto pilots and are actively treating the Ethereum mainnet as live production infrastructure. This aligns with massive capital expansion into on-chain tokenized money market funds and securities.

ZEC Surges 15% as AI Audit Clears Claude Bug Scare – Recovery Mode Activated

ZEC recently went on an aggressive rally—surging from the $50 range toward a massive multi-month high of $730—sparked by major endorsements and renewed institutional interest in privacy tech. However, recent critical events have introduced heavy volatility:

Zcash gained more than 50% last week and could still climb higher.

 Over the last few weeks, an independent researcher discovered a critical vulnerability in Zcash’s network (often referred to in trading communities as the Claude Exploit). While the Zcash developers rapidly deployed a patch to fix the bug, the scare caused localized panic, drawing high-profile backing from figures such as the Winklevoss twins to help stabilize confidence.

ZEC’s base remains split. On one hand, its shielded supply (fully anonymous transactions) recently hit an all-time high of 5.1 million ZEC. On the other hand, daily base transaction volume hovers relatively low at around 15,000 to 18,000 transactions, meaning speculative trading volume is currently outpacing actual real-world transactional use.

ZEC has shown exceptional structural resilience. It strongly bounced off a heavy demand zone between $190 and $200.A secondary intermediate support has established itself around $370 – $390.

The immediate hurdle for bulls sits between $440 and $480. If ZEC can decisively clear $510 – $535 on a daily close, analysts anticipate an aggressive leg up toward $650+.

The 14-day Relative Strength Index (RSI) is currently sitting near 52.5 (Neutral), signaling that the asset has fully cooled off from being overbought during its initial pump. Moving averages (5-day and 50-day) are actively crossing back into “Buy” territory, hinting at immediate-term accumulation.

Ripple Effect: Clear Rules Spark Wall Street’s Massive XRP Buildout

XRP is currently navigating a highly visible consolidation phase, balanced on a technical knife-edge while laying down serious structural plumbing on the fundamental side

The narrative surrounding XRP has structurally matured past its historical legal battles, shifting heavily toward institutional product design and protocol enhancements.

 Regulatory clarity has opened the Ripple floodgates for Wall Street infrastructure following the ultimate resolution of the Ripple vs. SEC case

Can Ripple Break Free? XRP Support Holds Amid ETF Buzz and FED Easing

Spot XRP ETFs launched late last year, attracting rapid capital inflows. Major institutions are actively treating XRP as a core digital asset product; notable regulatory filings recently revealed that Goldman Sachs holds a significant $153.8 million position across various spot XRP ETFs, making it the largest institutional holder.

 The US Senate Banking Committee recently advanced the CLARITY Act toward explicitly categorizing XRP as a digital commodity, providing ironclad legal protections for corporate and banking integration.

 The network is implementing its highly anticipated 3.2.0 core protocol upgrade. This milestone focuses on optimizing transaction efficiency, streamlining network gas fees, and reinforcing cross-border plumbing for global banking systems.

: Ripple recently introduced the XRPL AI Starter Kit, aiming to bring programmatic, AI-driven development capabilities natively to the ledger to encourage next-gen decentralized application (dApp) deployment.

Ripple’s enterprise efforts are leaning heavily into multi-asset corridors. This includes deep partnerships with major regional gateways (like Bitso) to scale cross-border liquidity pools using specialized stablecoins (like the pegged RLUSD) running on top of the XRPL.

The asset has experienced a slow bleed since peaking at $2.34 in January,  influenced by a cautious macroeconomic environment and cooling ETF inflows compared to the initial post-launch mania.  The 200-day moving average at $1.1230 is currently acting as the make-or-break line for mid-term price direction. As long as the price hovers above this cluster, the macro recovery thesis remains valid.

Immediate Resistance ($1.20 – $1.25): This zone served as local support throughout the spring and has now flipped into overhead resistance. Bulls need to clear this area convincingly to shift momentum.

The Macro Support Floor ($1.04): If broader market volatility forces a break below the 200-day moving average, the ultimate defensive line remains at $1.04. Losing $1.04 would likely trigger a sharper technical flush-out toward the $0.90 psychological handle.

Is BlackRock Secretly Building a Massive XRP Position?

BlackRock was covertly connecting Ripple’s XRP infrastructure after the Wormhole development team announced RLUSD’s inclusion in the Native Token Transfers (NTT) standard.

This makes it possible to pair Ripple’s stablecoin with about 100 digital assets across 40 distinct blockchains. BlackRock’s tokenization process is primarily facilitated by Wormhole (W), and a well-known Real World Asset (RWA) platform is already using RLUSD for transactions in a $4 billion RWA ecosystem.

The cross-chain capabilities are practically limitless because BlackRock’s own BUIDL fund is part of the roster.

There is a good chance BlackRock will frequently engage with Ripple’s RLUSD and can function on the platform as an on-chain liquidity provider and redemption rail. However, there is no direct use of Ripple’s XRP token implied by the growing point of access between Ripple and BlackRock.

BlackRock’s relationship with Ripple is primarily related to the federal-grade technical stack that the San Francisco-based tech giant provides, even though XRP continues to be the focal point of Ripple’s DeFi ecosystem. The rapidly expanding RWA market clearly prefers stablecoins over tokens based on Distributed Ledger Technology (DLT), as evidenced by the acceleration of BlackRock’s tokenized fund operations. Both legal documents and trading volumes demonstrate this.

Ripple (XRP) and Stellar Lumens (XLM) are two of the many patents filed by the DTCC (Depository Trust & Clearing Corporation), which clears between $3.7 and $4.7 quadrillion in securities annually under the name Digital Liquidity Tokens. Early in 2027, the practical ramifications of this are still unknown, but it creates a pathway for low-cost settlement within a multi-chain ecosystem. The multi-chain traditional stock tokenization, valued at about $114 trillion, will be introduced by DTCC at that time.

Visa Goes All-In on Ripple’s XRP

Recent developments involving Visa and XRP-related infrastructure were brought to light by Levi Rietveld, who claimed that the payments giant had made a “crazy” XRP statement.

The increasing volume of transactions involving RLUSD and the wider development of blockchain-based payment systems were major topics of discussion in his remarks.

Citing data from Visa’s blockchain payment operations, Rietveld contended that the numbers show that institutional adoption of digital asset technology is accelerating.

He emphasized the increasing volume of RLUSD on Visa’s platform in particular. He claimed that the stablecoin’s monthly transaction volume had already surpassed $1 billion. Rietveld began by saying that Visa had made a significant announcement regarding XRP and RLUSD activity.

He clarified that Visa manages stablecoin transactions across various networks and payment channels using its own blockchain-related payment infrastructure.

When all major providers and stablecoin ecosystems are taken into account, Rietveld claims that the stablecoin payment industry has grown into a multi-trillion-dollar monthly market.

He maintained that the rise in transaction activity indicates a broader institutional adoption of blockchain payment technology. Additionally, Rietveld linked the development to the XRP Ledger ecosystem, stating that the XRPL is now taking part in what he called a rapidly growing payment environment.

He underlined that the increasing volume of RLUSD has been a part of what he described as a consistent upward trend rather than a transient occurrence. The financial analyst suggested that the Unit’s regulatory developments were based on the Clarity Act