Crypto Volatility Spikes In Lead Up to Warsh Nomination as Fed Chair

Markets are aggressively repricing the Fed’s policy outlook, with the US dollar rebounding in anticipation of a less-dovish Fed under Kevin Warsh - President Trump’s confirmed pick for Fed Chair.

A sharp reversal in precious metals has seen crypto take another leg lower, with the broader market losing around 4.7% of total crypto market cap in 24 hours.

The move leaves BTC and ETH down over 5% and 8% year-to-date respectively – BTC around $82K puts it more than 30% below the Oct 6, 2025 high of $126.1K.