- Major cryptocurrencies fell after the Federal Reserve held its benchmark rate at 3.50%–3.75% but projected possible hikes in 2026, with Bitcoin dropping to about US$64,100 (AU$91,026).
- Ether, XRP and Solana each declined roughly 3%, while more than US$150 million (AU$213 million) in leveraged short positions were liquidated during the session.
- The decision was Kevin Warsh’s first as Fed chair, with nine of 18 officials penciling in a 2026 rate increase and any cuts pushed into 2027 and 2028.
Major cryptocurrencies declined on Wednesday after the Federal Reserve left interest rates unchanged but struck a hawkish tone in its latest projections, sending Bitcoin from an intraday high near US$66,315…
