Bitcoin Holds $64K as Hawkish Fed Dot Plot Revives Rate-Hike Bets

Bitcoin is holding near $64,000 after the Fed’s June 17 decision to keep rates unchanged while lifting the 2026 median fed funds rate to 3.8% in its dot plot. The move follows the Bank of Japan’s June 16 rate hike to 1%, the highest since 1995, which raised fears of yen carry-trade unwinds and tighter global liquidity. Earlier in the period, BTC probed below $60,000 amid $4.4 billion in spot ETF outflows, macro warnings from Bank of America, and a -0.82 correlation with the surging DXY. Renewed dollar strength now threatens the 200-week moving average near $62,258, though Bitcoin has so far weathered the volatility without a deeper breakdown.