Bitcoin holds below $65,000 as Warsh faces first FOMC test and Strategy concerns linger
The Block·
60-second summary
Bitcoin currently trades below $65,000 as investors await the Federal Reserve's decision on interest rates, with Fed Chair Jerome Powell's ally, Michael Warsh, facing his first FOMC meeting amidst concerns about inflation near a three-year high, expected to remain steady, potentially impacting market sentiment and cryptocurrency prices, which may continue to be volatile in response to economic data.
BTC trades below $65K, with the Fed expected to hold rates while inflation sits near a three-year high ahead of Warsh's first FOMC meeting.