#WarshNominationBullorBear? | Kevin Warsh & Market Shock
The nomination of Kevin Warsh as Fed Chair has sent shockwaves through global risk markets, triggering sharp declines in Bitcoin, equities, and other speculative assets. Bitcoin fell below $71,000, reaching $70,566, marking fresh bear-market lows as investors reassess liquidity, monetary discipline, and the Fed’s future role in market support.
Immediate Market Reaction:
Bitcoin plunged over 7%, Ethereum fell below $2,100, and altcoins faced deeper losses.
Over $537 million in leveraged positions were liquidated in less than 12 hours.
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