Fed Hike Watch: Crypto and Bonds on Edge | Bitcoin and Crypto News

Crypto markets plunged as Bitcoin and Ether dropped over 2% amid fears of a Fed rate hike by July—triggering a ripple effect across assets, including a surge in U.S. Treasury yields fueled by oil spikes and U.S.-Iran tensions. Investors are on edge, awaiting two pivotal events: the CPI report for inflation clarity and Fed Chair Kevin Warsh’s congressional testimony, which could either confirm a hike or hint at future cuts. Analysts suggest Warsh may soften inflation expectations to avoid tightening policy, leaving markets in suspense as these developments could reshape everything from crypto to bonds. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b19cdb79f30f1197