Bitcoin Falls to the $63,000 Range After Hawkish FOMC Pause [Crypto Briefing]

[Financial News] Bitcoin fell to the $63,000 range on the 30th. The drop appears to reflect the Federal Reserve's hawkish pause after wrapping up the FOMC overnight.
According to global crypto data platform CoinMarketCap, Bitcoin was trading in the $63,000 range as of 10 a.m. that day, down 0.35% from 24 hours earlier. Over the past week, Bitcoin has fallen 3.65%.
Bitcoin is trading in the 91 million won range on the Korean won market. Based on Cryprice, a global crypto market comparison platform, the Korea premium stands at -1.01%.
Although the Federal Reserve decided to keep its benchmark rate unchanged after the FOMC on the 29th local time, investor sentiment weakened somewhat as Kevin Warsh continued to strike a hawkish tone. In a press conference immediately after the meeting, Warsh said, "If inflation remains elevated throughout the forecast period, rates could still be part of the solution."
Wall Street also fell across the board. On the 29th local time, the Dow Jones Industrial Average (DJIA) plunged 1,152.82 points, or 2.19%, from the previous session to close at 51,594.50. The Standard & Poor's 500 Index (S&P 500) fell 112.56 points, or 1.52%, to 7,316.15. Nasdaq ended the session down 433.97 points, or 1.74%, at 24,442.94.
The Crypto Fear and Greed Index provided by CoinMarketCap stood at 35 on the day, indicating "fear." The index ranges from 0 to 100, with values closer to 0 interpreted as "extreme fear" and values closer to 100 as "extreme greed."
At the same time, Ethereum was trading in the $1,895 range, down 0.96% from the previous day. Ripple was trading in the $1.06 range, down 0.82%.

[email protected] Lim Sang-hyuk Reporter