DL News analyzed that Bitcoin fell due to anticipated policy discord within the Federal Reserve (Fed) after US Federal Reserve Chair Jerome Powell announced in his last press conference that he would remain on the board and exercise voting rights even after his retirement. Thomas Perfumo, Chief Economist at Kraken, explained, "Four members voted against the interest rate freeze in this Federal Open Market Committee (FOMC) vote, which is the most opposition in a single decision since October 1992. The possibility of policy misalignment within the Fed is raised as the handover to Kevin Warsh, who is awaiting Senate confirmation as the next chairman, is not smooth. Powell's statement that he will remain a voting member of the board even after his term as chairman ends also complicates the balance of power." Indeed, according to DefiLlama data, a net outflow of $138 million was recorded from Bitcoin spot ETFs after the FOMC.
