1416 ET - Major cryptocurrencies move sharply lower after the Federal Reserve's decision to leave rates unchanged. Cryptocurrencies had been lower throughout the day, with traders taking a cautious stance in anticipation of new Fed chairman Kevin Warsh's comments. The current inflation environment is seen as making owning riskier assets like cryptocurrency less desirable. The Fed's short statement includes this mention: "Inflation remains elevated relative to the Committee's 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy. The Committee will deliver price stability." Bitcoin is off 1.2% to $65,301, while ethereum is down 2.3% to $1,761, and solana loses 1.4% to $73.09 per CoinGlass. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
June 17, 2026 14:16 ET (18:16 GMT)
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