Major cryptocurrencies edged lower on Wednesday after the Federal Reserve held interest rates steady but released hawkish economic projections in Kevin Warsh's first meeting as chair.
Bitcoin (BTC) traded around $64,150, down roughly 2.2% over the past 24 hours, while ether (ETH) fell 3.6% according to The Block's crypto price page.
Other top cryptocurrencies like XRP (XRP) and Solana (SOL) slipped by around 3% while Hyperliquid's (HYPE), which reached a new all-time high yesterday, dropped 1.5% to $72.
The GMCI 30, which tracks the top 30 largest cryptocurrencies by market cap, was down about 2.6%, bringing its year-to-date drop to nearly 36%.
Traditional safe-haven assets also weakened following the decision, with gold falling by 2.2% and silver dropping by an even more dramatic 4%.
