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The Economic Times

Surbhi Khanna

Bitcoin trades near $64,000 despite hawkish Fed outlook; recovery attempt loses momentum

US Federal Reserve Bitcoin Vikram Subburaj Cardano Dogecoin ETF Ethereum Hyperliquid Solana Tron

Bitcoin is trading near the $64,000 mark on Thursday despite a hawkish Fed outlook, and the "higher-for-longer" projection has pressured risk assets, effectively stalling the recovery attempt from early-June lows. The cryptocurrency was trading near the $63,993 mark.

In the past 24 hours, Bitcoin and Ethereum were down 2.44% and 3.16% respectively. Among the major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin and Cardano corrected up to 3.87%, whereas Tron was up 0.64%.

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