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Bitcoin slips to $75,000 as Fed holds rates, dissenters chill Warsh ‘pivot party’

The Block
Bitcoin fell toward $75,000 after a split Federal Reserve decision to hold interest rates cooled expectations for near-term policy easing.

Summary

Bitcoin dropped to approximately $75,000 following the Federal Reserve's decision to maintain interest rates in the 3.5% to 3.75% range. The vote was notably divided, with an 8–4 split revealing internal disagreement over the inclusion of an easing bias, which dampened market optimism regarding a potential "pivot." While some analysts highlighted the impact of the Fed's cautious stance, others noted that the legislative progress of the Clarity Act and upcoming tech earnings remain critical drivers for crypto markets.

(Source:The Block)