๐จ BTC DROPS AS FED CHAIR DRAMA HEATS UP ๐บ๐ธ
Bitcoin ($BTC) sold off sharply after President Trump confirmed he will announce his pick for the next Federal Reserve Chair tomorrow.
This is a major macro signal, not a small headline. โก๏ธ
President Trump hinted his choice will strongly support aggressive rate cuts and faster economic growth, directly clashing with the Fed's current cautious stance.
Just days ago, Jerome Powell held rates steady at 3.50%โ3.75%, citing inflation still above the 2% target.
President Trump's position is the opposite: he advocates for lower rates than any other country.
Why Markets Reacted ๐
* Policy uncertainty increased
* Conflicting signals between White House & Fed
* Liquidity expectations turned messy
* Traders repricing future rate paths
Kevin Warsh in Focus ๐
Odds for Kevin Warsh surged after President Trump's confirmation.
Warsh is a former Fed Governor (2006โ2011) known for:
* Monetary discipline first
* Skepticism toward excessive easing
* Focus on financial system stability
* Tougher view on crypto & regulation
The Real Takeaway
BTC's drop isn't due to one specific negative number; it's a reaction to heightened uncertainty.
If Warsh is selected, do not assume automatic rate cuts.
He is a traditional policymaker, and execution matters more than headlines.
Markets dislike uncertainty, and currently, it's a dominant factor. ๐
#BTC #FederalReserve #MacroUpdate #CryptoNews #Markets
