Bitcoin slips to $75k as Fed holds rates, crypto stocks tumble

• Bitcoin dropped to lows of $74,958 before stabilizing above $75,000.
• The decline also coincided with tighter liquidity in traditional equity markets.
• Crypto stocks fell sharply as short‑term volatility hit risk assets.

Bitcoin price briefly slipped to below $75,000 on Wednesday as the Federal Reserve held interest rates steady, dimming hopes for near‑term rate cuts and triggering a broad‑based sell-off in risk assets.

The move weighed heavily on crypto‑linked equities, with Coinbase, Riot Platforms, and MicroStrategy among the hardest hit.

Bitcoin dips to $75k as Fed holds rates

Bitcoin fell to roughly the $75,000 level, trimming earlier gains after the US central bank opted to keep borrowing costs unchanged, signaling a more cautious stance on monetary easing.

The decision reinforced expectations of a higher‑for‑longer rate environment, prompting investors to pare back exposure to volatile assets tied to speculative growth narratives.

Market data as of writing showed that over the past 24 hours, Bitcoin had logged a modest decline of about 1.4% as it hovered around $75,156.

The combination of elevated yields and geopolitical uncertainty has conti...