Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Trump Sends Fed Personnel Signals, Bitcoin Rally Disrupted as Market Reassesses 2026 Rate Cut Expectations

Trump Sends Fed Personnel Signals, Bitcoin Rally Disrupted as Market Reassesses 2026 Rate Cut Expectations

BlockBeatsBlockBeats2026/01/17 13:07
Show original

BlockBeats News, January 17 — As the bitcoin price approaches $100,000 in early 2026, the latest remarks by U.S. President Trump regarding the candidate for Federal Reserve Chair are being seen by the market as a potential "price turning point."


According to Reuters, Trump recently stated publicly at the White House that, despite widespread expectations that White House economic advisor Kevin Hassett would succeed current Chair Powell, he is "more inclined to keep Hassett in his current position," saying that a transfer would be "a serious concern." These comments quickly dampened market bets on Hassett becoming the next Federal Reserve Chair.


Affected by this, the probability of Hassett's election on the prediction market Polymarket dropped sharply, while his main competitor, former Federal Reserve Governor Kevin Warsh, saw his chances rise to nearly 60%.


Market analysis points out that Hassett is seen as a more dovish candidate; if he were to become Federal Reserve Chair, it could be more favorable for rate cut expectations in 2026, thereby supporting bitcoin and risk asset performance. In contrast, Warsh is relatively more hawkish, which means a high interest rate environment may persist longer, putting short-term pressure on crypto assets.


Although Warsh has invested in crypto companies and served as an advisor to institutional-grade crypto bank Anchorage, analysts believe his monetary policy stance is less accommodative than Hassett's. Nansen Chief Research Analyst Aurelie Barthere pointed out that Hassett "originally showed greater support for the crypto market."

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Lucid (LCID.US) stock price surged over 12%! CEO announces completion of restructuring advisor collaboration, roadmap to profitability emerges

The CEO of Lucid Group Inc. stated that the electric vehicle manufacturer has completed its collaboration with a restructuring advisory team, indicating that the troubled company now has a clearer path to turn around its operations.

智通财经2026/09/17 23:46