Rising short-term bond yields and Warsh’s hawkish comments in the past are reviving fears of a December rate hike, which could slam the brakes on Bitcoin’s recovery.
Bitcoin (BTC) fell to $74,190 on Saturday, its lowest level in more than a month, despite pro-crypto Kevin Warsh being sworn in as Federal Reserve chairman a day earlier.
BTC/USD daily chart. Source: TradingView
