Bitcoin Dips Under $70K as Stocks Tumble on Hawkish Fed Hold—What’s Next?

Crypto and stocks plunged following the two-day policy meeting, where the U.S. Federal Reserve decided to hold interest rates steady. The Fed's decision to keep rates unchanged at 3.50% to 3.75%, combined with escalating Middle East tensions and inflation risks, sent Bitcoin tumbling by over 4% to an intraday low of $69,537, according to CoinGecko data. The Nikkei, gold, and the S&P 500 fell nearly 3.2%, 3%, and 1%, respectively, in response to the FOMC. Though oil prices spiked by more than 2% initiall ...