Fed’s Hawkish Shift Crushes Crypto Rally As Rate Hike Bets Surge
The Federal Reserve’s hawkish policy shift under new Chairman Kevin Warsh has decisively reversed a crypto market rally sparked by U.S.-Iran peace talks, with Bitcoin falling from $67,000 to $65,600 and market capitalization dropping 1.9% as traders reprice rate hike expectations. The central bank held rates steady but signaled additional increases ahead, reigniting recession fears…