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06/20 06:41

Bitcoin fell about 2% to $63,030 after briefly dro

#HTXCommunity4thAnniversary #World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square Now reading Article Why Bitcoin fell below $63K after the oil shock finally eased Top Share › News › Market › US › Bitcoin BTC +0.70% Bearish 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. Make CryptoSlate logo CryptoSlate preferred on Google logo Share 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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