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BTC drops below $77,000 as rising oil and Iran risks stall the rally

The bitcoin BTC$76,846.06 rally toward $80,000 didn’t last long on Monday, with prices slipping back to $76,600 during the U.S. session as geopolitical tensions crept back into focus. After trading near $80,000 overnight, its highest level since early February, the largest cryptocurrency reversed course and was down about 1.5% over the past 24 hours. Major…

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Ray Dalio says Kevin Warsh shouldn’t cut interest rates in a ‘stagflation’ era

Billionaire investor Ray Dalio warned that the U.S. economy has slipped into a stagflationary environment and said it would be a mistake for potential Federal Reserve chair successor Kevin Warsh to lower interest rates. The founder of Bridgewater Associates said persistent inflation pressures alongside slowing growth create a backdrop that demands caution from policymakers. “We…

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