Bitcoin Rebounds to $64K After Dipping Below $62.8K Ahead of the FOMC Meeting

TL;DR

• Bitcoin rebounded above $64,000 after briefly falling below $62,800, recovering from a $3,000 decline triggered before the closely watched FOMC meeting.
• XRP, ADA, Ether, UNI and other large-cap tokens posted gains, although NEAR, LTC and ZEC remained under pressure during the broader market recovery.
• BEAT surged 35% and PI gained 5.5%, while total cryptocurrency capitalization recovered about $40 billion to approximately $2.27 trillion from Tuesday’s overall low.

Bitcoin rebounded above $64,000 on Wednesday after briefly sinking below $62,800 during a sharp reduction in risk before the Federal Open Market Committee meeting. The move followed two failed attempts to hold $65,600 on Monday and a loss of roughly $3,000 in less than one day. The recovery restored a key psychological level but did not erase the violence of Tuesday’s reversal. With monetary policy uncertainty still unresolved, the bounce leaves traders wondering whether buyers have regained control or merely paused a broader decline after defending the market’s latest local low.

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