Dorothy

Bitcoin and Ethereum experienced significant declines, falling to their lowest levels since early 2025, following a broad sell-off in precious metals including gold and silver. The downturn coincided with heightened market attention on President Trump’s nomination of Wilbur Ross’s former aide, Warren Warsh, as a potential Federal Reserve chair replacement. All sources agree that the commodity sell-off and Fed leadership speculation contributed to investor uncertainty, driving capital away from riskier assets like cryptocurrencies. While CNBC and the Financial Times focus on the direct market mechanics—linking Bitcoin’s drop to the broader commodities rout—MarketWatch emphasizes the political implications, suggesting Warsh’s nomination may actually reinforce expectations that current Fed Chair Jerome Powell will resist administration pressure and maintain the central bank’s independence. The Financial Times frames the Bitcoin decline as a reaction to the “2025 tariff shock”-level volatility, implying structural economic concerns, whereas CNBC and MarketWatch do not invoke this historical comparison. No source confirms whether Warsh will ultimately be confirmed, and all treat Powell’s potential continued tenure as speculative.