Why is Bitcoin falling despite pro-crypto Kevin Warsh becoming Fed chair?
Bitcoin has experienced a decline despite the appointment of pro-crypto Kevin Warsh as Federal Reserve chairman. Rising short-term bond yields and concerns about a potential rate hike have contributed to this downturn. Historically, Bitcoin has struggled during transitions in Fed leadership, which may be influencing current market behavior.
- ▪Bitcoin fell to $74,190, its lowest level in over a month, following Warsh's swearing-in as Fed chair.
- ▪The 2-year US Treasury yield climbed to 4.14%, raising fears of a December rate hike that could impact Bitcoin negatively.
- ▪Historically, Bitcoin has underperformed during years marked by changes in Federal Reserve leadership.
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Written by Yashu Gola, Staff Writer. Reviewed by Allen Scott, Staff Editor. Written by Yashu Gola, Staff Writer. Reviewed by Allen Scott, Staff Editor. Why is Bitcoin falling despite pro-crypto Kevin Warsh becoming Fed chair?MarketsPublishedMay 24, 2026Rising short-term bond yields and Warsh's hawkish comments in the past are reviving fears of a December rate hike, which could slam the brakes on Bitcoin's recovery.Bitcoin (BTC) fell to $74,190 on Saturday, its lowest level in more than a month, despite pro-crypto Kevin Warsh being sworn in as Federal Reserve chairman a day earlier.BTC/USD daily chart.
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