#FedLeadershipImpact Trump’s nomination of Kevin Warsh as the next Federal Reserve Chair has sent shockwaves across the crypto market, driving intense volatility and fierce debate about what’s coming next for Bitcoin and digital assets.
What Just Happened?
In early February 2026, US President Donald Trump chose Kevin Warsh, a former Fed governor known for his hawkish monetary views, to succeed Jerome Powell as Fed Chair. Within hours, the crypto market reacted sharply:
Bitcoin plunged below $78,000, representing a ~7–9% decline from pre-announcement levels and marking a two-month low. The mov