10Y at 4.6 and Warsh just took over the Fed. BTC under 77k starts to make a lot more sense.

The Federal Reserve has a new chair, Kevin Warsh, who is expected to tighten monetary policy, leading to a potential decline in cryptocurrency prices. The 10-year treasury yield is above 4.6%, and the bond market is pricing in a potential rate hike. This macroeconomic environment may negatively impact cryptocurrency prices.