Bitcoin drops after Warsh speech as hike odds hit 57% – Can BTC reclaim $80K?
macro
Bitcoin sold off after Kevin Warsh’s speech as markets pushed the probability of a Fed rate hike to roughly 57%, prompting a repricing of risk assets. The uptick in tightening expectations fed short-term selling pressure and left BTC trading below the $80,000 threshold. Absent a retreat in rate-hike odds or a pickup in risk appetite, Bitcoin faces near-term headwinds to reclaim $80K.
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