Change in Fed Leadership May Hamper Crypto Rebound -- Market Talk

Dow Jones03:33

1533 ET - Analysts are speculating over how changes in policy style and substance under incoming Fed chair Kevin Warsh will impact markets. For cryptocurrency, a looser schedule for updating the market may hamper investor's money flowand keep a lid on cryptocurrency movement. "In a world where employment is still firm and energy prices are keeping inflation high, the short-term setup for crypto looks tougher," says Galaxy Research in a note. "Policy uncertainty is back, the near-term outlook is hawkish, and markets may have to adjust to trading without the Fed's macro narrative every six weeks." Bitcoin is up 2.7% to $78,492, ethereum rises 1.9% to $2,306, XRP is up 1.9% to $1.40, and solana rises 1.2%. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

May 01, 2026 15:33 ET (19:33 GMT)

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