Live markets: Bitcoin continues holding pattern near $77,000 ahead of Kevin Warsh taking over at Fed
Kevin Warsh is set to be sworn as Fed chairman in a White House ceremony on Friday morning....
Key takeaways
- 1Bitcoin remains stuck near $77,000 as Federal Reserve's new chairman Kevin Warsh is sworn in Friday.
- 2University of Michigan Consumer Sentiment Index fell to record low 44.8, with inflation expectations rising to 4.8% and 3.9%.
- 3Rate traders now price 70%+ probability of rate hikes by end of 2026 due to stagflationary pressures.
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Why it matters
Rising inflation expectations and stagflation signals could complicate Warsh's mandate to cut rates, creating uncertainty for crypto markets and Indian investors tracking Fed policy impacts on global asset valuations and rupee dynamics.
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