Trump's announcement of Federal Reserve personnel decisions dampened Bitcoin's rally, prompting the market to reassess expectations for a 2026 interes...

According to Mars Finance, with Bitcoin prices approaching $100,000 in early 2026, US President Trump's latest remarks regarding the selection of the Federal Reserve Chairman are seen by the market as a potential "price turning point." Trump recently stated publicly at the White House that although there was widespread expectation that White House economic advisor Kevin Hassett would succeed current Chairman Powell, he "prefers Hassett to remain in his current position," stating that a change in appointment would be "a serious concern." These remarks quickly dampened market bets on Hassett becoming Fed Chairman. As a result, Hassett's probability of being elected on the Polymarket prediction market dropped significantly, while his main competitor, former Fed Governor Kevin Warsh, saw his probability of winning rise to nearly 60%. Market analysts point out that Hassett is considered a more dovish candidate, and his appointment as Fed Chairman could be more conducive to expectations of interest rate cuts in 2026, thus supporting the performance of Bitcoin and risk assets. In contrast, Warsh's stance is relatively hawkish, meaning that the high-interest-rate environment may persist for a longer period, putting short-term pressure on crypto assets. Despite Warsh's past investments in crypto companies and his role as an advisor to institutional crypto bank Anchorage, analysts believe his monetary policy stance is less accommodative than Hassett's. Nansen's chief research analyst, Aurelie Barthere, points out that Hassett "was originally more supportive of the crypto market."