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Bitcoin steadies near $77K as new Fed Chair Kevin Warsh, a crypto investor, takes office.

Market News
22 May 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Bitcoin is trading around $77,000 as Kevin Warsh becomes the new Federal Reserve Chair on May 22, 2026. Warsh, confirmed by the Senate with a 54-45 vote, has disclosed investments in over 30 crypto projects, including a spot Bitcoin ETF, marking a shift from his predecessor Jerome Powell who had no crypto holdings. Warsh views Bitcoin as a "good policeman" for economic policy and likens it to a new form of gold for younger investors. Analysts see potential for Bitcoin to rise to $90,000, about 17% above current levels, as markets adjust to Warsh's leadership and crypto-friendly stance.

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