Bitcoin down for fourth consecutive month, its longest losing streak since 2018

I am pleased to announce that I am nominating Kevin Warsh to be the CHAIRMAN OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. Kevin currently serves as the Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution, and Lecturer at the Stanford Graduate School of Business. He is a Partner of Stanley Druckenmiller at Duquesne Family Office LLC. Kevin received his A.B. from Stanford University, and J.D. from Harvard Law School. He has conducted extensive research in the field of Economics and Finance. Kevin issued an Independent Report to the Bank of England proposing reforms in the conduct of Monetary Policy in the United Kingdom. Parliament adopted the Report's recommendations. Kevin Warsh became the youngest Fed Governor, ever, at 35, and served as a Member of the Board of Governors of the Federal Reserve System from 2006 until 2011, as the Federal Reserve's Representative to the Group of Twenty (G-20), and as the Board's Emissary to the Emerging and Advanced Economies in Asia. In addition, he was Administrative Governor, managing and overseeing the Board's operations, personnel, and financial performance. Prior to his appointment to the Board, from 2002 until 2006, Kevin served as Special Assistant to the President for Economic Policy, and Executive Secretary of the White House National Economic Council. Previously, Kevin was a member of the Mergers & Acquisitions Department at Morgan Stanley & Co., in New York, serving as Vice President and Executive Director. I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best. On top of everything else, he is “central casting,” and he will never let you down. Congratulations Kevin! PRESIDENT DONALD J. TRUMP Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a five-month odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade of criticism against the Powell-led Fed almost since Powell took the job in 2018. “I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” said Trump in a Truth Social post announcing the selection. The pick of Warsh, 55, likely wouldn’t ripple markets because of his past Fed experience and Wall Street’s view that he wouldn’t always do Trump’s bidding. “He has the respect and credibility of the financial markets,” said David Bahnsen, chief investment officer of The Bahnsen Group, on CNBC’s “Squawk Box.”

Bitcoin experienced two sharp declines in quick succession. Bitcoin began sliding from around $87,000 at approximately 9 a.m. EST on the 29th and fell to roughly $81,000 by 10 a.m. on the 30th, marking a decline of about 7%. The broader crypto market weakened as well, leading to a rapid deterioration in investor sentiment. This move was not driven by a ...

Bitcoin ETFs may have achieved inflows of $2.3 billion in January 2026, but Ethereum ETFs continue to struggle. A combination of net outflows and low levels of investor interest is puzzling, given that ETH is second only to BTC in terms of market cap and remains a backbone of digital finance. Ethereum’s ETF struggles have become a key reason why ...