🏦 Appointment at the Fed weighs on crypto

The nomination of Kevin Warsh as the next president of the Federal Reserve led markets to recalibrate expectations regarding interest rates and liquidity.

Warsh is known for his tougher stance on inflation and his emphasis on Fed balance sheet discipline, an approach that historically reduces the appeal of speculative assets that depend on abundant liquidity.

In this context, the crypto market reacted negatively once again. Bitcoin and Ethereum responded with moderate declines, reflecting a scenario where rate cuts might take longer than expected.

📌 More than a one-off move, the market message is clear: the macro narrative has once again dominated the short term in crypto.

$BTC $ETH #Macro #Fed #CryptoMarket