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Crypto news: Kevin Warsh, in his first meeting as Fed Chair, decided to keep interest rates unchanged, but an updated dot plot suggests further rate hikes are possible in the future, dashing the crypto market’s hopes for rate cuts. Most major cryptocurrencies fell by 1% to 3% after the announcement, and Bitcoin’s price was near $64,000. The market had originally expected the Fed to cut rates in 2026 to boost liquidity, but that expectation is now being seriously questioned. Warsh’s policy shift means the crypto market must reassess its future growth prospects.