Why is Bitcoin falling despite pro-crypto Kevin Warsh becoming Fed chair?
Rising 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....
Key takeaways
- 1Bitcoin fell to $74,190 on Saturday despite pro-crypto Kevin Warsh becoming Fed chair.
- 2CME futures show traders expect a possible 25 basis point rate hike in December 2026.
- 3Bitcoin historically fell 84% under Janet Yellen, 73% under Jerome Powell's start, and 60% under his second term.
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Why it matters
For Indian retail crypto investors, rising US bond yields and rate hike expectations signal tighter monetary conditions globally, which typically pressure Bitcoin valuations. Policy clarity from new Fed leadership directly impacts crypto market sentiment and liquidity conditions worldwide.
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