Bitcoin ( BTC-USD ) slid to a three-month low of ~$24.8K on Thursday a day after the Federal Reserve paused hiking rates for the first time in 15 months, but issued a more hawkish dot plot. At the time of writing, bitcoin ( BTC-USD ) fell 3.8% to $25K, while ether ( ETH-USD ) was 5.6% lower at $1.64K. Edward Moya, senior market analyst at OANDA, said the Fed's decision didn't really do much for bitcoin ( BTC-USD ). "Until the regulatory environment is better, cryptos might struggle here." The top crypto fell below $25K on Wednesday, and has been struggling to maintain above that level. "BTC is at a crucial juncture now," said Julius de Kempenaer, senior technical analyst, StockCharts.com. "To keep the longer term bullish scenario in place, it is now increasingly important for the $25K support zone to hold and BTC to bounce higher very soon." Crypto-related stocks in the red include: Bit Digital ( BTBT ) -5.8% , CleanSpark ( CLSK ) -3.9% , Riot Platforms ( RIOT ) -3.7% , Marathon Digital ( MARA ) -3.4% , Coinbase ( COIN ) -2.5% . More on the crypto market Crypto Roundtable, Part 1: Analyzing Impact Of The Fed's Pause On Cryptos Bitcoin: Liquidity Suggests A Price Drop Is Coming Bitcoin: Still The King Of The Coins
