For the first time since March, Bitcoin fell below $25,000‎

Cryptocurrency prices fell after the Federal Reserve meeting in June, with bitcoin dropping below $25,000 for the first time since March.

During trading Thursday, June 15, bitcoin was down about 3.5% at $24,975.51, according to Coin Metrics, while ethereum was down more than 5%, at $1,632.47.

According to “CNBC,” the decline began late Wednesday, June 14, after the Federal Reserve decided at its June meeting to fix interest rates unchanged for the time being, but said that there are other hikes later this year.

Challenging the decline in cryptocurrencies, Michael Savai, managing partner at Dexterity Capital, said: “This has little to do with the FOMC, but more to do with weak liquidity and weak sentiment.”

He added, “Traders are more inclined not to invest their money in cryptocurrencies in the midst of regulatory decisions, so there won’t be a lot of new capital driving up prices.”