Fed is more divided than ever. Enter Kevin Warsh.
Digest more
On-chain data points to fading demand and tighter liquidity, while prediction markets show little expectation of near-term rate cuts.
Bitcoin fell more than 7% on Saturday.
The government seems to be amassing more Bitcoin. But little work seems to be happening to enact the terms of the executive order Trump signed to start the ‘strategic reserve.’ Last March, President Donald Trump signed an executive order declaring that the government would launch a strategic reserve of Bitcoin.
The world's top cryptocurrency is down but not out.
The Fed pays banks $200 billion annually under a system Congress never authorized. For 18 years, no one has stopped it. Bitcoin's rules work differently.
President Donald Trump said on Jan. 30 that he will nominate former Fed governor Kevin Warsh to succeed Jerome Powell as chair when Powell’s term ends in May. Trump announced the decision in a post on Truth Social, calling Warsh:
Bitcoin remains stable above $95,000, even after a slight decline across the broader crypto market. Over the past 24 hours, the market dipped by 1.18%,
The bitcoin price hovered near $90,000 as the Fed held rates steady and Powell signaled a neutral stance — neither tightening nor rushing new cuts.
All eyes turn to the Fed as markets size up the next move.
Donald Trump has threatened Jerome Powell with a criminal investigation — but it hasn’t stopped the Federal Reserve chair holding firm on interest rates, in a move that’ll affect Bitcoin.On Wednesday night,