Bitcoin (BTC) further slipped toward $62,000 on Tuesday, extending a stretch of range-bound weakness as multi-week outflows from spot exchange-traded funds and a hawkish Federal Reserve continue to fuel a downtrend.
Ether (ETH), crypto’s second-largest asset, traded lower on June 23, changing hands below $1,700, according to The Block’s price page. Both BTC and ETH have retraced nearly 20% in the past 30 days.
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Recap
The week's backdrop was shaped by two events that played out in sequence. At the June 18 FOMC meeting, Fed Chair Kevin Warsh held rates at 3.50%–3.75% but stripped easing language from the statement, cutting it from 341 words to 130, and presided over a dot plot that flipped from an implied cut to an implied hike — with the 2026 median rising to 3.8% from 3.4% in March.
