Will the Fed Hike Rates in September? What It Means for Bitcoin?
On August 28, new Fed Chair Kevin Warsh gave a speech that sounded nothing like his predecessor. No forward commitments, no soft guidance, just a hard inflation benchmark the current data hasn't met yet.Markets didn't take it well. Stocks, gold, silver and crypto all sold off together, wiping out roughly $2 trillion in market cap in 48 hours. Bitcoin dropped from a weekly high near $81,000 down to $76,877, and by the morning of September 1 was sitting around $78,000-$78,800. Key Takeaways- A dif