MarketPR
Kevin Warsh's debut press conference as a Federal Open Market Committee principal sent Bitcoin and gold in the same direction: down.
The simultaneous drop in both assets — often treated as distinct stores of value — underscored how closely markets are reading the new Fed voice for signals on the rate and liquidity outlook.
What the Market Heard Warsh's remarks were enough to move risk-off and hard-asset trades in unison, a pairing that typically surfaces when investors reprice the likelihood of tighter-for-longer monetary policy.
Bitcoin, which has increasingly traded as a macro hedge alongside gold rather than purely as a risk asset, reflected that sensitivity immediately.
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