business 📉 Fed meeting puts Warsh in a tough spot 😬
Bitcoin dropped nearly 3 percent to $75,800 ahead of the Federal Reserve’s rate decision. The Fed meeting is scheduled for Wednesday at 2:00 PM ET, with Warsh holding a press conference shortly after. Markets have already priced in a quarter-point rate hike and expect further tightening this year. A less hawkish message could weaken the dollar, potentially benefiting bitcoin and gold. This scenario could see long-term Treasury yields rise due to inflation concerns.