Bitcoin Dips Below $78K After Warsh’s Hawkish Speech

The synchronized sell-off across bitcoin, gold, and equities suggests the market is pricing a single macro driver—hawkish Fed rhetoric—rather than asset-specific weakness. Bitcoin's resilience on the weekly timeframe, despite the sharp intraday reversal, indicates dip-buying interest remains, but the question is whether that support holds if broader risk appetite keeps deteriorating. The co-movement with gold is notable, as it challenges the narrative of bitcoin as a pure inflation hedge, aligning it more with risk assets in the current regime. Watching whether the weekly gain erodes or consolidates will signal if this is a temporary macro shock or a shift in positioning.