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Bitcoin weakens ahead of FOMC, raising risk of retesting $60,000

Bitcoin has slipped below $65,000 ahead of the U.S. Federal Open Market Committee meeting, putting focus on whether it can hold the $64,000 level. Traders said the meeting could move markets beyond the rate decision, as comments by Fed Chair Kevin Warsh may increase volatility. Some warned that a break below $64,000 could lead to a retest of lows in the $60,000 range, while others saw a chance of a rebound after the meeting.

Crypto

Bank of Japan rate decision nears; will bitcoin repeat 22 percent correction nightmare?

With the Bank of Japan set to decide policy on June 16, concern is rising that bitcoin could face another sharp correction. Cointelegraph reported that bitcoin fell about 18 to 28 percent after each BOJ rate hike since 2024, averaging 22.4 percent. Analysts say a repeat is uncertain because market conditions differed each time. Attention is shifting to on-chain signals such as increased whale inflows to Binance and more than $2.5 billion in realized losses.

Crypto

Bitcoin could rebound on claims of excessive undervaluation; diverges from M2 money supply fair value

Bitcoin is trading well below an estimated fair value based on global M2 money supply and its ratio to gold, according to an analysis cited by Cointelegraph. Trader and YouTuber RobinHD said bitcoin has been mispriced on a global liquidity basis in 2026 and is in an unusually undervalued zone. Others challenged the M2 link, citing data limitations and distortions, and pointed to past cycles that did not align with M2 peaks.