Bitcoin treads water as new Fed chair inherits a confidence crisis
Bitcoin remains stagnant as Kevin Warsh is confirmed as the new chair of the Federal Reserve. The cryptocurrency is struggling to break through the $77K resistance level amid rising inflation expectations. Market sentiment has shifted from nervousness to fear, impacting trading behavior across various cryptocurrencies.
- ▪Kevin Warsh was confirmed by the Senate with a narrow 54-45 vote to chair the Federal Reserve.
- ▪Bitcoin has been hovering around $77K, showing a 0.6% decline over the past 24 hours.
- ▪The Fear and Greed Index dropped to 28, indicating a shift from nervous to fearful market sentiment.
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Bitcoin treads water as new Fed chair inherits a confidence crisis Kevin Warsh squeaks through Senate confirmation 54-45 while Bitcoin stalls at $77K and inflation expectations surge to 4.8%. Share Add us on Google by Estefano Gomez May. 22, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) { var sevioDiv = wrapper.querySelector('.sevioads'); if (sevioDiv) sevioDiv.parentNode.removeChild(sevioDiv); return; }…
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