What happened to crypto after the Fed's June meeting?

Since the Federal Reserve's June meeting, the crypto market has experienced a significant degree of volatility. Many investors were closely watching the Fed's policy announcements for potential clues on the future path of interest rates and inflation. The mere mention of tighter monetary policy and possible rate hikes sparked a sell-off in crypto assets, with Bitcoin and other major cryptocurrencies experiencing sharp declines. This was exacerbated by broader market sentiment, as investors fear that tighter monetary conditions could slow economic growth and impact demand for riskier assets like cryptocurrencies. Additionally, the regulatory landscape for crypto continues to evolve, with regulators around the world increasing scrutiny on the industry. Overall, the crypto market remains highly uncertain and sensitive to macroeconomic and regulatory developments.