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Bitcoin crashed and $400 million was erased from the market within hours after the Federal Open Market Committee held its latest policy session and Warsh delivered a speech.
The one-two punch from macro policy signals proved enough to trigger a rapid, damaging move lower in $BTC. In crypto, these events rarely act alone — they light fuses that over-extended traders have already laid.
What the FOMC Is and Why It Moves Crypto The Federal Open Market Committee is the rate-setting body inside the U.S.
It meets roughly eight times a year to decide whether to raise, lower, or hold the federal funds rate — the baseline borrowing cost that anchors pricing across virtually every risk asset.
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