How Trump's Fed Chairman Statements Impacted Bitcoin's Momentum

Source: CryptoNewsNet Original Title: Donald Trump’s FED Statements Stifled the Uptrend Momentum of Bitcoin and Altcoins, But Why? Original Link: https://cryptonews.net/news/finance/32294270/ As Bitcoin approached the $100,000 level in early 2026, statements regarding the Federal Reserve Chairman selection became a potential “price turning point” for market participants.

Recent remarks by US President Donald Trump indicated he preferred that White House economic adviser Kevin Hassett remain in his current role, contrary to expectations that Hassett would replace current Federal Reserve Chairman Jerome Powell. Trump stated that such a change would “create serious concern,” which quickly dampened market speculation about Hassett’s potential appointment.

Following these announcements, prediction market probabilities shifted significantly—Hassett’s chances dropped notably while his strongest rival, former Fed Board member Kevin Warsh, rose to approximately 60%.

Market analysts highlight a key distinction between the two candidates: Hassett is viewed as relatively “dovish” and could strengthen expectations of interest rate cuts in 2026, which would support Bitcoin and other risk assets. Warsh, by contrast, takes a more “hawkish” stance, suggesting a prolonged high interest rate environment that could create short-term pressure on crypto assets.

While Warsh’s past involvement with cryptocurrency companies and his advisory role at institutional crypto banking platforms show crypto experience, analysts emphasize his comparatively tighter monetary policy approach. Research suggests that Hassett “initially took a more supportive stance towards the crypto market.”

*This is not investment advice.