The Federal Reserve has a new leader, and his welcome gift is a mess. Kevin Warsh was confirmed by the Senate with a narrow 54-45 vote to chair the Fed, stepping into the role at a moment when consumer confidence in the central bank’s ability to manage prices is visibly eroding.
Bitcoin, for its part, seems to have already priced in the uncertainty. The largest cryptocurrency has spent the entire week knocking on the door at $77K and getting no answer.
A ceiling that won’t budge
BTC hovered near $77K at the time of writing, posting a 0.6% decline over the past 24 hours and a 3.2% slide over seven days. That weekly performance tells the real story: this isn’t a sharp sell-off, it’s a slow grind of indecision.
The $77K level has acted as firm resistance all week. Every attempt to push higher has been met with selling pressure, and every dip has found enough support to prevent a more dramatic breakdown. It’s the kind of price action that makes traders stare at charts and mutter to themselves.
