
Cook, a Biden appointee, had been reconfirmed in 2023 for a term stretching into the distant future-January 31, 2038, to be precise. As a member of the Board of Governors, she wielded a permanent vote on the FOMC, a position akin to holding a golden ticket in a world of economic chocolate. But as the news rippled through Asia and Europe, Bitcoin, that capricious creature, took a tumble alongside a wobbly dollar and a US rates curve that seemed to be doing the cha-cha. At the time of writing, BTC was trading around $110,137, down a cheeky 2.4% after flirting with an intraday low of $108,666. Oh, the irony! 😱