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LoginTrending NewsAI AgentsMeme LaunchpadDeSciTopChainExplorerFor Newbee100x CoinsBee GameEssential WebsitesMust-Have APPCrypto CelebritiesDePINRookies EssentialTrap DetectorBasic ToolsAdvanced WebsitesExchangesNFT ToolsWeb3 UniverseGamesDAppBee HiveGrowing PlatformADRecharge CoinsLoginWeb3 UniGamesDAppBee HiveADhomeAnalysisAnalysisWyattToolRelated: The Real Culprit Behind the Crypto Crash: The Warsh Effect
Author｜jk Open any crypto data platform, and all you see is a sea of red. At the time of writing, Bitcoin (BTC) is trading at $78,214, down 6.9% in 24 hours and 12.4% over 7 days. Ethereum (ETH) is even worse, currently at $2,415, down 10.5% in 24 hours and 18.2% over 7 days. Solana (SOL) hasn’t been spared either: $103.51, down 11.6% in 24 hours and 18.4% over 7 days. Looking at BNB and XRP, the declines are also in double digits. The question is, what triggered this collective retreat? The answer points to the same name: Kevin Warsh. On January 30, U.S. President Donald Trump announced on the social platform Truth Social his nomination of former Federal Reserve Governor Kevin Warsh as the next Fed Chair, to succeed…# Analysis# Market# ToolPre
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- Original Author: Oliva Moore, a16z Partner Original Compilation: Peggy, BlockBeats Editor