What did Kevin Warsh say during the Fed hearing?

Kevin Warsh emphasised that the Federal Reserve must remain independent from political pressure. He pushed back on expectations of immediate rate cuts, suggesting a more cautious approach to monetary policy in the near term.

How did broader markets react to the Warsh hearing and Iran tensions?

The S&P 500 and Nasdaq both gave up early gains and turned slightly negative. This reflects a broader shift in sentiment, where investors reassessed interest rate expectations and geopolitical risks at the same time.

How much did Bitcoin actually move during the session?

Bitcoin dropped from just under $77,000 to around $75,000 before stabilising near $75,700. That represents a roughly 0.9% decline over 24 hours, showing moderate but notable volatility.

Which crypto-related stocks were hit the hardest?

Coinbase fell more than 6%, while Robinhood dropped 4.5%. Galaxy declined 5.5%, and Circle slid 8.3%, showing higher sensitivity than Bitcoin itself.

Why do crypto stocks fall more than Bitcoin in risk-off moves?

Crypto stocks often act as leveraged plays on crypto prices and sentiment. When Bitcoin drops, investors tend to sell these equities more aggressively due to their higher volatility and business exposure.

Is Kevin Warsh bullish or bearish for crypto long term?

Warsh appears relatively constructive on crypto, describing digital assets as part of the financial system. He also has ties to crypto and DeFi projects, which could signal a more supportive regulatory stance over time.

How could interest rates affect Bitcoin going forward?

Lower interest rates generally support risk assets like Bitcoin by increasing liquidity. If Warsh eventually leans toward easing policy, it could create a more favourable environment for crypto prices.

Cryptocurrency

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Bitcoin slips as Warsh hearing Iran tensions weigh

Written by Brie CarterPublished Apr 22, 2026, 12:00 AM

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.