Bitcoin price today drops to $75,174 (−2.95%) as Warsh is sworn in as Fed chair, Saylor softens the never-sell line and the $76K cloud bottom breaks.

Kevin Warsh is set to be sworn as Fed chairman in a White House ceremony on Friday morning.

Kevin Warsh confirmed as Fed chair 54-45 as Bitcoin stalls at $77K resistance. Inflation expectations hit 4.8% while crypto Fear & Greed Index drops to 28.

Bitcoin trades near $77,000 as Kevin Warsh, who holds investments in 30+ crypto projects, is sworn in as Federal Reserve Chair after a 54-45 Senate vote.

Bitcoin price today drops to $75,174 (−2.95%) as Warsh is sworn in as Fed chair, Saylor softens the never-sell line and the $76K cloud bottom breaks.

Bitcoin dropped to $74,190 after Kevin Warsh was sworn in as Fed chair. Despite his pro-crypto stance, hawkish rate hike fears are hammering risk assets.

Rising short-term bond yields and Warsh's hawkish comments in the past are reviving December rate-hike fears, weakening the bullish case for Bitcoin.