Warsh's Inflation Rhetoric Sends Bitcoin Below $64K

The Federal Reserve held its benchmark rate steady at 3.50%-3.75% on Wednesday, but Chair Kevin Warsh's comments during the press conference sent shockwaves through the cryptocurrency market.

BTC dipped below $64,000 after Warsh stated 'There is no soft inflation target.'

This reaction suggests that crypto traders are paying close attention to Warsh's rhetoric on inflation rather than the rate decision itself, which markets had largely priced in.