The Economic Times

Why did Bitcoin price (BTC USD) and crypto stocks fall today after Fed chair nominee Kevin Warsh's hearing? Here's what he said about Trump, Fed independence and interest rate decisions

Bitcoin price (BTC USD) and crypto stocks today: Crypto markets saw a dip on Tuesday. Investors reacted to Fed nominee Kevin Warsh's Senate testimony. Warsh stressed central bank independence and denied any pressure from Trump on interest rates. He also acknowledged digital assets as part of the financial system. Broader markets and crypto stocks also moved lower.