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Crypto Pulse Daily: Trump Picks Pro-Bitcoin Kevin Warsh as Next Fed Chair
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CoinGape Newsletter
January 30, 2026
U.S.-listed spot Bitcoin and Ethereum ETFs just saw one of their worst combined days of outflows in 2026. Current falling prices and escalating volatility have compelled institutions to cut their investment in crypto ETFs.
U.S. President Donald Trump has officially nominated former Fed Governor Kevin Warsh as the next Fed chair, potentially replacing Jerome Powell when his term ends in May. This marks a positive for the crypto industry as Warsh is considered more pro-crypto, although it remains to be seen what his stance on monetary policy is.
 Bitcoin continues to weaken as the price trades under growing structural pressure, reflecting sustained seller dominance at the daily level. The current price action displays constrained liquidity status, diminishing upside follow-through and decreasing responsiveness to demand. This pressure occurs as the macro uncertainty increases and puts additional pressure on a weak structure. Regardless of changing political narratives, Bitcoin has not attracted stabilizing inflows, keeping downside risk alive. |  XRP price is facing significant pressure ahead of a potential government shutdown, with a notable 7% pullback recently. The price dropped below the key $1.80 support level, now testing the $1.70 mark. This fall is a bigger part of the general market dynamics, which have been impacted by regulatory changes and institutional actions regarding the XRP ETF. The total cryptocurrency market has dropped by 5.95%, and the total market cap is currently at 2.81 trillion. |