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Why is Bitcoin Down Despite Pro-Crypto Kevin Warsh Becoming Fed Chair?
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.
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coindesk.com
Live markets: Bitcoin continues holding pattern near $77,000 ahead of Kevin Warsh taking over at Fed
Kevin Warsh is set to be sworn as Fed chairman in a White House ceremony on Friday morning.
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cryptobriefing.com
Bitcoin treads water as new Fed chair inherits a confidence crisis
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.
