Bitcoin 'Resilient' After Hawkish Fed, But No 'Return of Demand': Analysts
Key takeaways
- The leading cryptocurrency changed hands around $64,700 on Monday, up by 0.8% on the day but down about 13% over the past month and almost 50% below the record of $126,080 set in October, per CoinGecko data.
- While "not strong price action in absolute terms," the analyst conceded, it is "firmer than many would have expected" in the face of a hawkish Fed reset and a step back from policy signalling.
- Bitcoin s muted reaction to Warsh s debut was telling, said Tim Sun, senior researcher at HashKey.
Bitcoin 'Resilient' After Hawkish Fed, But No 'Return of Demand': Analysts Decrypt Agent Mon, June 22, 2026 at 7:12 PM GMT+7 4 min read BTC-USD CSHR ^GSPC ^IXIC Bitcoin is grinding sideways, and the analysts watching it largely agree on the problem: the sellers are running low, but the buyers have not come back.
The leading cryptocurrency changed hands around $64,700 on Monday, up by 0.8% on the day but down about 13% over the past month and almost 50% below the record of $126,080 set in October, per CoinGecko data.
Crypto proved “more resilient than anticipated” in the face of new Fed Chair Kevin Warsh s hawkish debut, CoinShares head of research James Butterfill said Friday, with Bitcoin dropping by a lower-than-expected 1.6% versus the S&P 500 s 1.2% and the Nasdaq s 1.3%. While "not strong price action in absolute terms," the analyst conceded, it is "firmer than many would have expected" in the face of a hawkish Fed reset and a step back from policy signalling.