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Bitcoin (BTCUSD) Tumbles as Fed's Hawkish Dot Plot Shocks Crypto Markets

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The Story

News Summary

  • The Federal Reserve delivered a hawkish shock at its June meeting, with the dot plot revealing unexpected rate hike projections for 2026.
  • The policy statement was also completely rewritten and shortened, creating uncertainty and triggering a drop in Bitcoin and gold while boosting the US dollar.
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BTCUSD price history

77520.30 +17.67% over the displayed period

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