Kevin Warsh replaced Jerome Powell as Fed Chair. His hawkish reputation means more rate hikes remain possible.
CME FedWatch showed 99.6% probability of no change. The real action is in the dot plot rate projections.
Dot plot showing rates high through 2027 = crypto sells off. A dovish dot plot = green candles across the board.
A hold is neutral-to-bullish for Bitcoin. A rate cut signal would be explosive. Watch BTC at 2:30 PM ET.
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