Bitcoin Dips Under $67,000 Amidst Hawkish US Economic Forecast

Bitcoin's recent downturn below $67,000 reflects traders' concerns over a hawkish US macroeconomic landscape influenced by Fed chair nomination.

Bitcoin has recently fallen below the $67,000 mark, as market participants grapple with a more hawkish outlook on the US economy. This shift in sentiment has been attributed to the nomination of Kevin Warsh for the position of Federal Reserve chair, which signals potential tighter liquidity conditions and a reduced likelihood of interest rate cuts in the future.