Bitcoin Trapped Between $63K-$64K Amid Fed Decision and Rising Treasury Yields

The Bitcoin price remained stagnant between $63,000 and $64,000 as traders weighed in on the Federal Reserve's interest-rate decision. The wider crypto market dropped 0.68% to $2.18 trillion in 24 hours, with weak US equities putting pressure on risk assets.

Ethereum traded near $1,900, while XRP and Dogecoin saw muted price action. However, Bitcoin open interest increased by 1.52%, indicating growing leveraged exposure amidst market uncertainty.

Coinglass data revealed nearly $400 million in liquidations, with most losses coming from bullish long positions. The inability to break above $66,500 could undermine an inverse head-and-shoulder pattern and delay a potential breakout.