The Fed held interest rates steady at 4.25%–4.50% in its June 18 FOMC meeting, as widely expected. The updated dot plot shows only one rate cut projected in 2025, down from two in March — signaling a more hawkish stance. This limits capital flows into high-risk assets like altcoins and DeFi tokens. Bitcoin remained near $105,000 and Ethereum near $2,500. The crypto market’s recovery will depend heavily on upcoming economic data, especially inflation and jobs reports.