Bitcoin Dumps to Monthly Lows on Hot Inflation Data and Warsh Comments: Weekly Crypto Recap
macro
Bitcoin fell to monthly lows as hotter-than-expected inflation data strengthened expectations that interest rates would stay elevated, while Kevin Warsh’s comments added to market uncertainty. The move reflected weaker risk appetite and renewed pressure on crypto assets. For Bitcoin, persistent inflation and a less supportive policy outlook remain near-term headwinds.
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