Why is Bitcoin Down Despite Pro-Crypto Kevin Warsh Becoming Fed Chair?

May 24, 2026 - 10:30
Why is Bitcoin Down Despite Pro-Crypto Kevin Warsh Becoming Fed Chair?
Bitcoin (BTC) fell to $74,190 on Saturday, its lowest level in more than a month, despite pro-crypto Kevin Warsh being sworn in as Federal Reserve chairman a day earlier. BTC/USD daily chart. Source: TradingView Key takeaways: Higher odds of a rate hike in 2026 are pressuring the Bitcoin market. Bitcoin has historically struggled during years...

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