Bitcoin climbs back above $64,000 after Fed's hold

Bitcoin traded back into the mid-$64,000s, recovering from the previous session's selloff after the Federal Reserve held its target interest rate range at 3.50 to 3.75 percent. The move reversed a decline that had briefly pushed the price under $64,000 in the hours immediately following the rate decision.

The rebound put bitcoin back above the level it held before the Fed's two-day meeting began. Other major tokens moved with it, extending a recovery that traders read as markets working through the initial reaction to the hold before settling on a steadier read of what an unchanged rate range means for risk assets over the coming weeks.

A single-session bounce says little on its own; the signal is whether bitcoin holds the mid-$64,000s once the initial reaction fades, rather than giving the gains back within days.