Bitcoin falls as market sentiment is hit by hints of Federal Reserve rate hikes.

Bitcoin fell as expected, with the Federal Reserve maintaining interest rates unchanged but suggesting a possible increase before the end of the year. The latest forecasts from the Federal Reserve show that out of 19 officials, 9 predict at least one rate hike before the end of the year, compared to none in March. Federal Reserve Chairman Kevin Walsh also stated that policymakers are committed to bringing inflation back to the 2% target. Meanwhile, the U.S. and Iran have signed a preliminary peace agreement. Jefferies economist Mohit Kumar said in a report: "The details of the agreement show that some of the previous red lines of the Trump administration were overlooked, raising some doubts about the lasting nature of the agreement." According to data from the London Stock Exchange Group, Bitcoin fell by 0.6% to $63,997.