Bitcoin, ether slide after a hawkish Fed, even as Trump's signed Iran deal lifts stocks (opens original article in a new tab)

Cryptocurrencies fell broadly despite an Iran peace deal, as investors focused on a more hawkish Federal Reserve stance on inflation. The Fed left interest rates unchanged but signaled higher borrowing costs, tightening financial conditions that weigh on risk assets like bitcoin and ether.

• Cryptocurrencies fell broadly despite an Iran peace deal, as the Fed signaled higher-for-longer borrowing costs
• Bitcoin traded around $63,900, down 3% over 24 hours, while ether fell 3.4% to $1,733
• Analysts expect bitcoin to remain rangebound between $60,000 and $70,000 absent major catalysts like crypto legislation or US-Iran de-escalation