Following Kevin Warsh’s confirmation, Bitcoin dipped below 80,000 USD to reach a low of 74,500 USD. This volatility prompted a liquidation of over 2.5 billion USD in long positions.
Market sentiment has become cautious, as investors reassess policy implications under Warsh’s leadership, impacting both traditional assets and cryptocurrencies.
Bitcoin currently holds support above 74,500 USD, but the crucial 74,000 USD level must be maintained to avoid a deeper market correction.
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