Bitcoin slid toward $63,000 on June 17 after the U.S. Fed signaled higher rates ahead, dragging crypto lower, even as long-term holders kept buying the dip.
Key facts
Bitcoin slid toward $63,000 after the U.S. Federal Reserve signaled higher interest rates could be ahead, before recovering part of the drop late in the day.
It had been holding near $66,000 before the decision, so the move broke the calm it had kept all week.
The wider market fell with it: Ether dropped around 3% and most major coins lost between 3% and 7%.
Beneath the drop, long-term holders added about 125,000 Bitcoin in June, a sign of quiet buying.
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