Trump Nominates Warsh as Fed Chair Candidate: BTC Drops

US President Donald Trump nominated Kevin Warsh as the new Federal Reserve Chairman. Warsh, known as Bitcoin-friendly, will take office after Jerome Powell’s term ends in May, subject to Senate approval. This nomination sent mixed signals to the crypto markets and dollar liquidity, potentially leading to a prolongation of the current consolidation.

How Did Trump’s Warsh Nomination Affect the BTC Market?

Kraken economist Thomas Perfumo stated that Warsh could continue interest rate cuts but market liquidity would stabilize rather than expand meaningfully. Warsh’s skeptical stance on balance sheet expansion could limit measures like quantitative easing. Coin Bureau analyst Nic Puckrin emphasized that the nomination triggered liquidity concerns, causing crashes in crypto, stocks, and precious metals. The crypto market lost $250 billion in market value over the weekend.

Why Did BTC Fall Below $80,000?

According to recent breaking news, Bitcoin fell below $80,000 for the first time since April 2025 and crossed the MicroStrategy cost basis level ($76,037) for the first time since October 2023. According to CME Group data, interest rate expectations have not changed: 85% chance of holding steady at the March 18 meeting, 49% probability of a 25 basis point cut on June 17. Current BTC price 79.045,99 USD, 24-hour change +%2,20. RSI 29,55 (Oversold), trend downward.

• Supports: S1: 74.604 USD (Strong, %72 score, -%5,37 distance)
• S2: 77.545 USD (Medium, %55 score, -%1,64 distance)
• Resistances: R1: 84.450 USD (Strong, %76 score, +%7,12 distance)
• R2: 79.396 USD (Strong, %72 score, +%0,71 distance)

Critical Support and Resistance Levels for BTC

Supertrend bearish, EMA 20: 86.412 USD. These levels are critical for BTC technical analysis; if S1 breaks, the risk of a deeper decline increases.

How Will Kevin Warsh’s Fed Policies Affect BTC? Frequently Asked Questions

Why did BTC fall with the Warsh nomination? Liquidity doubts were triggered, balance sheet expansion may remain limited.

Will BTC hold the $74,600 support? 72% score strong, Fibonacci and Donchian sourced; if held, recovery signal.

Is an interest rate cut positive for BTC? Yes, but Warsh is stabilization-focused; June 49% probability cut expected.

What does the MicroStrategy base mean? Below 76,037 USD, could increase institutional selling pressure.