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Warsh Warns of No Soft Inflation Target, Bitcoin Slips Below $64K

Guavy AI Editorial Team
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BTC
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Bitcoin slipped below $64K after Federal Reserve Chair Kevin Warsh declared 'There is no soft inflation target.'

The Fed held its benchmark rate at 3.50%-3.75% in a widely anticipated decision, but traders focused on Warsh's remarks.

Crypto prices had already reacted to the macro backdrop: oil surged after US President Donald Trump vowed to respond forcefully to attacks in the Middle East, and the 10-year Treasury yield rose to 4.62%

Bitcoin climbed above $64,400 earlier, but gave back its gains when Warsh opened his press conference with a harder tone on inflation.

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