Many thought that the golden age for crypto would begin after Warsh arrived. But the reality is quite the opposite.
Bitcoin is now down to $74,200 — its lowest in a month. The real reason is rates. The 2-year Treasury yield has risen to 4.14%, and CME data suggests no rate cuts for most of 2026, with a hike possible in December.
Analyst Crypto Patel put it nicely: "Kevin Warsh is a known inflation hawk. Crypto-friendly on regulation doesn't mean being dovish on rates.
So even though we get support for regulation, the big picture still says tight monetary policy.
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What do you think? Is this a temporary dip or is there more correction coming? 👇