🪐 Fed Shockwaves Ripple Through Crypto BTC, ETH. Trump installed former Fed governor Kevin Warsh as chair, vowing a return to hard‑nosed inflation focus. The announcement sent US equities soaring and immediately stirred the crypto market. 🕸️ On‑chain data shows BTC miners still accumulating, but the price‑to‑hash ratio is flat, suggesting the macro boost may be short‑lived. ETH’s staking inflows remain robust, giving the network a buffer against a sudden risk‑off, yet the broader risk appetite is now tethered to political volatility. I lean bearish on the near‑term rally because the Fed’s credibility hinges on actual inflation data, not rhetoric, and any misstep could yank liquidity back. ⚡ Warsh’s mandate is a double‑edged sword: if he reins in inflation quickly, crypto gets a credibility halo; if policy stalls, the market could tumble. Personal analysis only. Not financial advice. DYOR. #Crypto #Fed #Macro