Crypto markets wobble after hawkish Fed outlook in Kevin Warsh’s first FOMC meeting
The Block·
60-second summary
The crypto markets are experiencing a downturn following the Federal Reserve's hawkish outlook in Kevin Warsh's first FOMC meeting, with most major cryptocurrencies falling between 1% and 3%. Bitcoin has dropped to $64,150, a decline that reflects investors' growing concerns about rising interest rates and inflation. Market sentiment remains cautious, with traders awaiting further economic indicators.
Most major cryptocurrencies fell between 1% and 3% following the decision, with bitcoin dropping to $64,150.