Bitcoin fell about 2% to $63,030 after briefly dro
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Why Bitcoin fell below $63K after the oil shock finally eased
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Why Bitcoin fell below $63K after the oil shock finally eased
Bitcoin’s drop below $63,000 shows traders are looking past Hormuz relief and pricing the Fed’s hawkish rate outlook back into risk assets.
Gino Matos
By
Gino Matos
Reporter
•
CryptoSlate
Why Bitcoin fell below $63K after the oil shock finally eased
Image by CryptoSlate
Jun. 19, 2026
at 12:45 pm GMT
4 min read
Quick Take
01
Bitcoin fell about 2% to $63,030 after briefly dropping to $62,263 as oil slid and Hormuz shipping resumed.
02
The move matters because cheaper oil usually eases inflation pressure, but Bitcoin stayed weak as rate-sensitive traders refocused on the Fed.
03
The Fed's hawkish dot plot, higher PCE forecast, and one-year-high dollar keep BTC vulnerable unless oil relief reaches inflation data.
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Bitcoin traded at $63,030 on June 18, down about 2% on the day, after whipsawing from an intraday high of $64,731 to a low of $62,263 while oil was falling and ships were moving through the Strait of Hormuz for the first time in weeks.
Today, June 19, it then continued to
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