Why is Bitcoin Down Despite Pro-Crypto Kevin Warsh Becoming Fed Chair?
Cointelegraph
Bitcoin price is falling as markets pivot toward potential rate hikes in 2026, offsetting optimism surrounding new Fed Chair Kevin Warsh.Summary
Despite Kevin Warsh's reputation as a pro-crypto figure, Bitcoin prices have declined as rising 2-year US Treasury yields suggest that traders now anticipate tighter monetary policy rather than immediate rate cuts. Analysts highlight that Warsh is an inflation hawk, and historical trends indicate Bitcoin often struggles during transitions in Federal Reserve leadership as markets de-risk to await policy clarity.
(Source：Cointelegraph)