Bitcoin Slides Toward Two-Month Lows as Warsh Fed Pick Leaves Markets Unconvinced
#Bitcoin traded near its weakest levels in two months after Donald Trump nominated Kevin Warsh as the next chair of the Federal Reserve, a move that failed to provide the policy clarity or confidence boost many crypto investors had been hoping for. While Warsh has recently aligned with Trump’s calls for lower interest rates, his history as a traditional central banker with a cautious stance on inflation has left markets unsure how aggressively he would ease policy once in office.
The uncertainty comes at a fragile moment for digital assets. Bitcoin remains more than 30% below its recent peak, with sustained outflows from U.S. spot Bitcoin
#ETFs signaling ongoing institutional caution. Risk sentiment has also deteriorated more broadly, with investors gravitating toward gold and other traditional safe-haven assets as geopolitical and macroeconomic pressures persist. The divergence has reignited debate over Bitcoin’s role as “digital gold,” particularly as its performance continues to lag precious metals.
At the same time, heavy liquidations across crypto derivatives markets underscore how quickly optimism has unwound, amplifying downside pressure during periods of thinning liquidity. While some buyers are emerging at current levels, traders remain wary that a break below key support could open the door to further volatility in the days ahead.
#CryptoMarkets #MacroEconomy $BTC