BlockBeats reported on June 18 that, according to HTX market information, Bitcoin fell below $63,000 and was quoted at $63,032.51, marking a 24-hour decline of 4.24%. The flash update centered on Bitcoin’s move back around the $63,000 level and the scale of the daily drop shown in the quoted market data.
The latest move was described in the context of the so-called “FOMC curse.” An analyst had previously pointed out that, among the eight FOMC meetings held since the start of 2025, Bitcoin recorded significant declines after seven of them. This statistical backdrop was used to frame the current weakness in Bitcoin following the FOMC-related trading window.
Beyond the FOMC factor, the continued depegging of STRC was also cited as adding pressure. The depegging has increased market expectations that Strategy will again sell Bitcoin. Based on the information in the flash update, the main elements of the move are Bitcoin’s quoted price decline, the seven post-FOMC drops out of eight meetings in 2025, and the market expectation connected to STRC and Strategy.