June 23rd, 2026 - 04:14 GMT
Bitcoin retreated last week following a more hawkish-than-expected outlook from the US Federal Reserve, while Franklin Templeton unveiled plans for two exchange-traded funds (ETFs) that would automatically reinvest stock dividends into bitcoin exposure. According to Simon Peters, Crypto Analyst at eToro, bitcoin fell to $62,180 after last Wednesday’s Federal Open Market Committee (FOMC) meeting and the first press conference by new Federal Reserve Chair Kevin Warsh. Major cryptocurrencies also moved lower over the week, with ether, solana and XRP recording declines of between 5% and 10%. Although the Federal Reserve ...