Bitcoin slides toward $75,000 as Warsh says Trump didn't demand he cut rates

What Happened

Bitcoin declined to $75,500 as Federal Reserve nominee Kevin Warsh testified before the Senate Banking Committee, emphasizing the Fed's independence from political pressure on interest rate decisions. Warsh stated Trump never demanded rate cuts, pushing back against speculation. Crypto stocks fell sharply: Coinbase dropped 5%, while broader markets declined 0.5%.

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