Fed held rates and pointed to a December hike. Bitcoin fell below $65,000, and the tape agrees.
Warsh's committee voted 12-0 to hold, then set up December for a hike. Updated projections show inflation running through 2027, and traders are already pricing it in.
CryptoVibe Desk · fomc · bitcoin · interest-rates
- →The Fed voted 12-0 on June 17 to hold rates at 3.5%–3.75%, with inflation projected to run high through 2027.
- →CME FedWatch prices a December hike to an implied upper bound of 4.0%, and this is the second straight hawkish hold under Chair Warsh.
- →Watch whether December hike probability crosses 60% on FedWatch before the August FOMC meeting.
- FOMC → The committee at the US Federal Reserve that votes on interest rates, made up of 12 voting members who meet roughly every six weeks.
- CME FedWatch → A public tool that reads futures market prices to show what traders think the Fed will do with rates at upcoming meetings.
- liquidation cascade → When forced selling triggers more forced selling: traders who borrowed to buy crypto get automatically sold out when prices drop, which pushes prices lower and triggers more sell-outs.
The Fed held rates at 3.5%–3.75% on June 17. The vote was unanimous: 12-0.
Bitcoin dropped roughly 1.5% to below $65,000 following the announcement, per CryptoBriefing. A separate CryptoNews report described a liquidation cascade and a move toward $64,000, but its content was inaccessible. The directional read from both: sub-$65,000.
Updated Fed projections show inflation running through 2027. CME FedWatch now prices a December hike, with the implied upper bound moving to 4.0%. This is the second straight meeting where the Fed held and leaned toward higher rates.
Chair Kevin Warsh took the helm earlier in 2026. He has run a consistently hawkish committee since. The April 29 meeting had the same structure: a hold with a hike signal.
Gold dropped to near $4,528 per ounce after that April meeting. It's sitting around $4,327 now, roughly $200 lower. The selloff has been cumulative, not a single reaction.
Spot gold slipped just 0.08% on June 17. The tape says gold is absorbing the Fed signal better than risk assets are.
If you're holding Bitcoin here: the Fed's own projections show two more years of elevated inflation. Traders are already pricing a December hike. That's officially a posture, not a pause. Watch December hike probability on FedWatch before the August meeting.
Warsh named December without naming a number, and that's the catch. Every CPI print between now and then is a live trigger for crypto.
Whether CME FedWatch December hike probability crosses 60% before the August FOMC meeting, the next scheduled decision point.
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