Bitcoin Falls as Dollar Rises on Rate Rise Bets -- Market Talk
Dow Jones06-19 15:24
0724 GMT - Bitcoin falls as the dollar rises on expectations the Federal Reserve will raise interest rates this year. The Fed on Wednesday left rates unchanged as expected but its projections pointed to the prospect of a rate rise by year-end. New Fed Chair Kevin Warsh also said policymakers were committed to bringing inflation down. The possibility of higher rates offsets the positive impact of the U.S.-Iran peace deal for cryptocurrencies as risky assets. Bitcoin drops 0.5% to $62,732, according to LSEG.(renae.dyer@wsj.com)
(END) Dow Jones Newswires
June 19, 2026 03:24 ET (07:24 GMT)
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