Bitcoin Bounces to $64,400 After Fed Decision Soothes Traders

Bitcoin saw a bumpy ride recently, briefly surging to $64,500 before pulling back slightly to settle near $63,700. Despite a minor daily dip of 0.6 percent, the asset maintained a strong market capitalization of $1.277 trillion.

The price action came as global markets reacted to a surprise geopolitical event alongside the Federal Reserve choice to hold interest rates steady. Traders responded quickly to the central bank announcement, which helped absorb the shock and limited major liquidations across the board.

Market participants are now watching macroeconomic data and geopolitical headlines closely for the next big directional move. As support holds firm near current levels, attention turns to whether buyers can sustain enough momentum to challenge higher resistance zones.