Bitcoin slips to $64k as hawkish Fed tone rattles crypto
18th June 2026 – (New York) Bitcoin slid below $64,000 after the new Federal Reserve chair, Kevin Warsh, struck a hawkish note, sparking a broader retreat from risk. The wobble echoed across digital assets,. . .
18th June 2026 – (New York) Bitcoin slid below $64,000 after the new Federal Reserve chair, Kevin Warsh, struck a hawkish note, sparking a broader retreat from risk. The wobble echoed across digital assets, taking total crypto market value down 2. 6% to about $2. 2 trillion before bargain‑hunters edged back in step with a rebound in equities. Performance was mixed beneath the headline move. Stellar bucked the trend with a 7. 3% gain, while Algorand and Tron added around 1% and 0. 7%. Laggards included Uniswap, off 14%, Zcash, down 7. 7%, and SushiSwap, lower by 6. 1%. Technically, Bitcoin is probing the lower edge of a two‑week upward channel. Failure to rebound here would suggest the latest rally has run its course. A decisive break under recent troughs in the $59,000–$60,000 zone would confirm a deeper downswing, with bears eyeing the mid‑$40,000s as a potential next stop. Sentiment is being tested by supply concerns. QCP Capital flags the risk of further Bitcoin selling by a major corporate holder to fund dividends, while one of its preferred financing routes has stumbled as Stretch (STRC) preference shares trade below their $100 par, curbing fresh issuance. Elsewhere, BitMEX co‑founder Arthur Hayes reportedly increased exposure to Ether, with on‑chain data pointing to 4,400 ETH—roughly $7. 9 million—moving into a wallet linked to him over two days. Altcoins face their toughest backdrop in years. CryptoQuant estimates cumulative net selling on centralised exchanges has neared $209 billion, the heaviest since records began in 2020. The meme‑coin machine is also sputtering: Pump. fun has seen the number of “successful” launches plunge about 80% in three months, a slump weighing on the wider Solana ecosystem.