Bitcoin fell toward $75,000 as markets reacted to Kevin Warsh’s Senate hearing and rising uncertainty over stalled US-Iran peace talks.
The selloff came alongside broader market weakness, with the S&P 500 and Nasdaq reversing early gains as investors reassessed interest rate expectations and geopolitical risks.
“I never said to the President where I think rates should be… and I wouldn’t have even thought about doing so,”
Warsh said, emphasising Federal Reserve independence from political pressure.
Bitcoin dropped from just under $77,000 to near $75,000 before stabilising around $75,700, down roughly 0.9% over 24 hours.
Crypto-related equities saw sharper losses, with Coinbase falling more than 6%, Robinhood down 4.5%, Galaxy off 5.5%, and Circle sliding 8.3%.
Warsh signalled a disciplined approach to monetary policy but is still seen as potentially favouring lower rates over time, which could support risk assets like crypto in a more liquid environment.
He also struck a constructive tone on digital assets, describing them as part of the financial system, with analysts suggesting a future easing cycle could help push Bitcoin back toward $100,000.
At the time of reporting, Bitcoin price was $76,361.14.