Warsh hawkish Fed debut kills crypto rate-cut trade
June 21, 2026
A flipped dot plot erased the cheap-money bet underpinning crypto, triggering $440M in liquidations
A flipped dot plot erased the cheap-money bet underpinning crypto, triggering $440M in liquidations
The FOMC held rates but its dot plot now projects a 2026 hike, sending bitcoin toward $63,000.
A rate hold looks locked in, so Warsh’s dot plot and press conference will decide Bitcoin’s next move.