Bitcoin drops under $80,000 following Fed's inflation caution
Bitcoin's price dipped beneath the $80,000 mark after Federal Reserve Chair Kevin Warsh highlighted ongoing worries regarding inflation. This commentary pushed up short-term Treasury yields and dampened investor interest in riskier assets. Warsh noted that current financial conditions aren't sufficiently restrictive and emphasized that inflation needs to show a definitive trend toward the Fed's goal, hinting that interest rates might remain elevated for an extended period. Despite the slide, Bitcoin's drop was relatively small, and it continues to trade higher than it did earlier this month.
by shortkt.com✓