Bitcoin slips as Warsh hearing Iran tensions weigh

Bitcoin fell toward $75,000 as markets reacted to Kevin Warsh’s Senate hearing and rising uncertainty over stalled US-Iran peace talks.

The selloff came alongside broader market weakness, with the SP 500 and Nasdaq reversing early gains as investors reassessed interest rate expectations and geopolitical risks.

“I never said to the President where I think rates should be… and I wouldn’t have even thought about doing so,”

Warsh said, emphasising Federal Reserve independence from political pressure.

Bitcoin dropped from just under $77,000 to near $75,000 before stabilising around $75,700, down roughly 0.9% over 24 hours.

Crypto-related equities saw sharper losses, with Coinbase falling more than 6%, Robinhood down 4.5%, Galaxy off 5.5%, and Circle sliding 8.3%.

Warsh signalled a disciplined approach to monetary policy but is still seen as potentially favouring lower rates over time, which could support risk assets like crypto in a more liquid environment.

He also struck a constructive tone on digital assets, describing them as part of the financial system, with analysts suggesting a future easing cycle could help push Bitcoin back toward $100,000.

At the time of reporting, Bitcoin price was $76,361.14.