Crypto

Bitcoin watches Kevin Warsh factor as rate-cut hopes meet policy uncertainty

Bitcoin could face months of consolidation ahead of a planned change in the U.S. Federal Reserve chair next month, a warning said. Markets see Kevin Warsh taking over as potentially raising short-term volatility across risk assets, including cryptocurrencies and stocks. Some traders expect renewed downside pressure in June based on past Fed transitions, while rate-cut expectations clash with uncertainty over Warsh\'s policy stance. Others point to improved liquidity conditions as the Fed expands its balance sheet.

Crypto

BOJ holds rates but June hike odds rise, raising questions for bitcoin

Expectations for a Bank of Japan rate hike in June are rising as calls for further increases grow within the central bank despite a hold at 0.75 percent. The yen strengthened and bitcoin weakened against the yen. Markets are watching the currency because the yen has served as a global funding currency for carry trades into higher-yielding assets. Some see no clear signs yet of carry trade unwinds.