Bitcoin slides after a hawkish Fed as ETF outflows top $111M combined

The Federal Reserve delivered a hawkish signal — indicating it sees no near-term path to rate cuts — and crypto markets responded with broad selling. Bitcoin fell 1.42% to $63,946 and Ethereum dropped 1.74% to $1,740, with most of the top 15 assets closing in the red. The Fear & Greed index sits at 15, deep in Extreme Fear territory, reflecting how quickly sentiment has shifted. The most concrete measure of the damage was in ETF flows. Bitcoin and Ethereum ETFs shed a combined $111 million in a single session — the direct result of institutional holders reducing exposure as the prospect of cheaper money receded. When rate cuts look less likely, yield-bearing alternatives become more attractive relative to crypto, and fund managers adjust accordingly. Uniswap bore the sharpest losses among named assets, falling 13.41%. DeFi tokens (decentralized finance — crypto protocols that replicate banking functions without intermediaries) tend to be more sensitive to risk-off moves than Bitcoin or Ethereum, and the Fed's tone hit them harder. XRP slipped 2.23% on the day. Stellar was the session's notable exception, gaining 9.92% with no clear macro catalyst — an isolated move against the broader trend. TRX and Hyperliquid were the only other top-15 non-stablecoin assets to avoid losses, each moving less than 1% in either direction.

• –Bitcoin and Ether ETFs recorded combined outflows of $111 million in a single session as rate-cut expectations faded following the Fed's hawkish announcement.
• –XRP fell 2.23% on the day after a recent breakout rally stalled near a key resistance level, according to CoinDesk.
• –A defendant known as 'Bitcoin Rodney' pleaded guilty in a $1.8 billion crypto fraud case — one of the larger fraud convictions in the industry's history.