Bitcoin fell below $64,000 after Fed Chair Kevin Warsh said during his press conference that there is « no soft inflation target. » The Fed held its benchmark rate at 3.50%-3.75%, a decision markets had largely priced in, but three FOMC members dissented in favor of a 25 basis point hike. BTC was trading just under $64,000, up about 1% over 24 hours. The decision marks the sixth consecutive meeting on hold, during which Bitcoin has fallen from above $83,000 in late January to its current level. The total crypto market cap stood at about $2.29 trillion.
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