Fed’s Latest Remarks Shake Cryptocurrency Markets

Federal Reserve member Lisa Cook’s recent concerning statements regarding the future of monetary policy sent shockwaves through both stock and cryptocurrency markets, resulting in billions of dollars lost across various sectors. Bitcoin, for example, experienced a steep decline of over 10%, highlighting the volatility triggered by the Fed announcements. This turbulence also accelerated ETF sales as investors seek refuge in more stable assets. Now, Fed member Williams is providing crucial insights on the current economic landscape, leading many to anticipate significant developments.