Crypto Crashes as Top Fed Official Issues Warning: Will it Recover?
The crypto market sell-off deepened on Nov. 20 as buyers stayed on the sidelines and a senior Federal Reserve official warned that rate cuts may not come as quickly as markets expect. Total crypto market capitalization slid to roughly the low-$3 trillion range as Bitcoin dropped toward $87,700 and Ethereum slipped below $3,000.
Major altcoins, including Solana, Tron, and Dogecoin, also extended losses, reinforcing the broad risk-off mood across digital assets.
Crypto Crashes After Senior Fed Official Warning
Bitcoin and most altcoins remained in a bear market after Michael Barr, a senior Fed official, warned that the bank should proceed cautiously with interest rate cuts, given that inflation…
