Fed Governor Christopher Waller said the FOMC may need to raise rates in the near term if core inflation stays elevated. Markets now price about a 50% chance of a July hike, up from ≈10% days ago. Bitcoin is down 2%+ to around $62,380, while U.S. two-year Treasury yields rose to 4.29%.
Matters because: Higher-for-longer rates and renewed hike odds add pressure to BTC and the broader risk backdrop.