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Fed’s Cautious Stance Puts Bitcoin and Altcoins at Risk
Bitcoin faced renewed downside risks after Federal Reserve Chair Kevin Warsh signaled caution about interest-rate cuts, even as policymakers left rates unchanged. The Federal Open Market Committee kept its target range at 3.75%–4.00%, but described economic activity as strong and inflation as elevated. Attention shifted from the decision to Warsh’s comments on inflation, growth, and the path ahead, where he emphasized the central bank’s responsibility to restore price stability and said he does not favor routine forward guidance outside a crisis.