Cryptocurrency Slip Ahead of Fed Announcement -- Market Talk

Dow Jones06-17 23:36

1136 ET - Major cryptocurrencies are pulling back from recent gains ahead of the Federal Reserve's decision and guidance on the interest rate. Bitcoin falls 0.9% to $65,177, while ethereum is down 2.1% to $1,758, XRP drops 1.8% to $1.20, and solana is down 1.7% to $72.78. Traders are cautious ahead of the announcement this afternoon, with the potential for commentary from Fed chair Kevin Warsh to move the market. "While markets expect interest rates to remain unchanged, any indication that policymakers are more concerned about inflation could drive yields higher and increase pressure on risk assets such as Bitcoin," says Konstantinos Chrysikos with Kudotrade in a note. (kirk.maltais@wsj.com)

 

(END) Dow Jones Newswires

June 17, 2026 11:36 ET (15:36 GMT)

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