Bitcoin Rebounds to $64,400 as Fed Keeps Rates Steady

Bitcoin price rebounded to $64,400 after the Federal Reserve decided to keep interest rates steady at 3.5-3.75%. The Fed's decision helped stabilize markets, limiting crypto liquidations to $310 million.

The market was initially shaken by a surprise Iranian missile strike on a U.S. base in Jordan, which pushed oil prices above $90 per barrel. However, the rate hold by the Fed helped mitigate the impact of this geopolitical tension.

Looking ahead, bitcoin's price gains may depend more on internal factors such as institutional adoption and ETF inflows than on macroeconomic trends. The Fed could still raise rates later this year, which might impact crypto prices.