Bitcoin kept sliding on June 18 despite the Iran deal and falling oil, as the U.S. Fed's higher-rate signal, not fear, drives crypto lower with gold.
Key facts
Bitcoin drifted lower again on Thursday, June 18, slipping toward the low $63,000s and then below.
The wider market fell with it: Ether, Solana and XRP all dropped between roughly 2% and 4%.
The slide continued even as a U.S.-Iran peace deal was signed, oil fell, and the Strait of Hormuz moved toward reopening.
The real driver is interest rates: the Federal Reserve’s signal of higher rates ahead keeps weighing on assets that pay no yield.
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