Bitcoin Falls to About $76,660 as Fed Rate-Cut Expectations Weaken

Bitcoin Falls to About $76,660 as Fed Rate-Cut Expectations Weaken

Bitcoin slipped below $77,000 after fading Federal Reserve rate-cut expectations weighed on crypto sentiment, with reports placing the price around $76,660-$76,986.70 and analysts watching $78,000 as a key support level.

BTC

Fact Check
All three core claims are strongly corroborated. First, Bitcoin's decline to approximately $76,660 is confirmed by both the linked X post (@DeItaone) and independently by Dow Jones Newswires via Moomoo, which cites LSEG price data. Second, the connection to fading Fed rate-cut expectations under Warsh is explicitly stated in both sources. Third, Kevin Warsh's role as new Fed chair is confirmed by The Guardian (Senate confirmation May 13, 2026) and the official Federal Reserve press release (federalreserve.gov, May 15, 2026) naming Powell as chair pro tempore pending Warsh's swearing in. The $78,000 support level detail is also corroborated. The only minor uncertainty is the precise intraday price figure, which could vary slightly by data source, but LSEG data cited by Dow Jones Newswires is highly authoritative.
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