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Bitcoin dropped below $66,000 as the Federal Reserve's hawkish policy stance under new chair Warsh weighed on markets, Pluang reported.
The move in $BTC reflects the broader chill that tighter monetary signals have cast over risk assets.
Fed's New Chair Sets a Harder Tone The Federal Reserve under Warsh has signaled a hawkish posture, meaning policymakers are leaning toward restraining rather than stimulating economic conditions.
For risk assets like Bitcoin, that stance raises the opportunity cost of holding positions that generate no yield, making capital more likely to rotate toward interest-bearing alternatives.
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