Morning Minute: Crypto Sinks After Hawkish FOMC
Decrypt·
60-second summary
Bitcoin is plummeting to $64k as rate hike odds surge to 81.5% after Kevin Warsh's hawkish FOMC presser, his first as a member, sparks investor concerns. Meanwhile, Michael Saylor's recent comments on inflation also fuel the selloff, raising questions about the true catalyst. Market volatility intensifies as traders reassess crypto's value.
Bitcoin slid to $64k as rate hike odds soared after Kevin Warsh's first FOMC presser. But was it Warsh or Saylor truly driving the selloff?