Fed Pause Sends Bitcoin Price Tumbling to $64,000

Bitcoin's price hovered near $64,000 after the US Federal Reserve left interest rates unchanged. The decision by the Fed to keep rates steady at 3.50%-3.75% came as a surprise to some investors, who had been anticipating a rate hike.

The crypto market remained mixed, with Ethereum edging lower by 0.07%. Major altcoins such as BNB and Solana saw gains of up to 1%, while others like XRP and Dogecoin fell by as much as 1.4%.

Analysts warn that Bitcoin must hold above the $63,300-$64,000 range to maintain its recovery momentum. A break below this level could trigger fresh selling pressure, according to CoinSwitch Markets Desk.