Bitcoin, ether slide after a hawkish Fed, even as Trump's signed Iran deal lifts stocks
CoinDesk·
60-second summary
The Bitcoin and ether prices are sliding downward after the Federal Reserve's hawkish stance, signaling increased inflation concerns over growth, in Chair Kevin Warsh's first meeting, despite holding interest rates steady. This shift in Fed priorities is weighing on cryptocurrency markets, where investors are reassessing risk, as stocks experience a modest boost following the signed Iran deal.
The Fed held rates but signaled it is more worried about inflation than growth in Chair Kevin Warsh's first meeting.