U.S.-listed crypto funds led withdrawals as Bitcoin and Ethereum prices slid after Donald Trump’s nomination of Kevin Warsh for Fed chair.
💡 DMK Insight
Crypto funds pulling back signals a shift in sentiment, and here’s why that matters: With Bitcoin and Ethereum both seeing price declines, the nomination of Kevin Warsh as Fed chair could be a catalyst for tightening monetary policy, which historically pressures risk assets like crypto. Traders should be wary of potential volatility as institutions reassess their positions. The current ETH price at $2,326.91 is crucial; a sustained drop below this level could trigger further sell-offs, especially if it breaks through key support levels. Watch for reactions from large holders and institutions, as their moves could amplify market trends. On the flip side, this could also present a buying opportunity for those looking to accumulate at lower prices, especially if the market stabilizes around these levels. Keep an eye on the broader economic indicators and Fed communications, as they will likely influence market sentiment in the coming weeks.
📮 Takeaway
Monitor ETH closely at $2,326.91; a drop below this level could signal increased selling pressure and volatility.






