Bitcoin drops below USD 76,000 after Kevin Warsh's arrival at the Fed
The price of Bitcoin experienced a sharp correction that wiped out nearly $1,000 in just two hours.
Bitcoin's (BTC) price registered a significant correction that dragged the cryptocurrency below $76,000, marking its lowest level in several weeks. The bearish movement accelerated just hours after Kevin Warsh officially took over as the new chair of the Federal Reserve, in a ceremony held at the White House and publicly backed by Donald Trump, who stated he expects Warsh to become one of the best leaders in the history of the U.S. central bank.
Following the Fed ceremony, Bitcoin quickly dropped from trading around $78,000 to hitting lows around $75,500, a level not seen since late April. The drop had a strong impact across the entire crypto market: Ether retraced to the $2,050 zone, XRP lost the support at $1.35, and Solana fell below $85.$BTC $BNB $XRP
The price of Bitcoin experienced a sharp correction that wiped out nearly $1,000 in just two hours.
Bitcoin's (BTC) price registered a significant correction that dragged the cryptocurrency below $76,000, marking its lowest level in several weeks. The bearish movement accelerated just hours after Kevin Warsh officially took over as the new chair of the Federal Reserve, in a ceremony held at the White House and publicly backed by Donald Trump, who stated he expects Warsh to become one of the best leaders in the history of the U.S. central bank.
Following the Fed ceremony, Bitcoin quickly dropped from trading around $78,000 to hitting lows around $75,500, a level not seen since late April. The drop had a strong impact across the entire crypto market: Ether retraced to the $2,050 zone, XRP lost the support at $1.35, and Solana fell below $85.$BTC $BNB $XRP