Trump officially nominated Kevin Warsh to lead the Federal Reserve.
Why It’s Impacting $BTC :
The HawkishShift: Markets view Warsh as a hawk who favors a stronger dollar and tighter monetary policy. This has triggered a risk-off sell-off.
Price Drop: Bitcoin fell over 6% today, hitting a low near $81,000 as $1.8 billion in leveraged positions were liquidated.
MixedSentiment: While Warsh is a Bitcoin supporter (calling it digital gold), his focus on reducing the Fed's balance sheet is hurting short-term liquidity.
Tariff Pressure: Ongoing threats of 100% tariffs on China and 10% on Europe are further driving investors toward traditional cash and gold.
Current Trend: Bearish (Extreme Fear index at 16).
