New Fed Chair Appointment May Shake Crypto Markets đš Kevin Warsh is Considered as the Frontrunner for Fed Chairman.
Corporate earnings came in weaker than expected. đ This reduced risk appetite and pushed crypto asset's prices down â Bitcoin price dipped to $81,118. đ„
Kevin Warsh is usually seen as hawkish, which means Fed may keep interest rates higher and implement tighter liquidity policy. â ïž It is usually negative factors for risky assets like crypto. đž
If Warsh is appointed, expect reduced chances of rate cuts and more pressure on Bitcoin and altcoins. đ Traders are already selling risky assets. đ
Today Trump will name his nominee to replace Powell â this could trigger renewed volatility. âĄïž Be ready for sharp movement in crypto market. âł
What you can do on Binance: set price alerts, use stop-loss orders, consider hedging strategies, and manage position sizes. đĄ Trade with a clear plan. â Follow for more market update
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