Trump Hints at Kevin Hasset as the Next Fed Chair, Fueling Bitcoin Hyper’s $28.8M presale

Macro strategist Alex Krüger has linked Bitcoin's future performance to anticipated changes at the Federal Reserve in 2026, suggesting that a shift towards a more dovish monetary policy under a Trump-aligned central bank could significantly impact asset returns, particularly for Bitcoin. Krüger posits that the current market is underestimating the potential for a substantial drop in US interest rates.

Former President Donald Trump has hinted at a potential replacement for Federal Reserve Chair Jerome Powell, leading to a surge in market speculation favoring Kevin Hassett, a crypto-friendly adviser. This development indicates a shift in the administration's approach to monetary policy as it seeks a successor to Powell next year.

The stock of American Bitcoin Corp, backed by former President Donald Trump, has plummeted nearly 40% following the unlocking of private placement shares. This significant decline highlights the volatility often associated with cryptocurrency investments and raises concerns about the stability of ventures linked to Trump.

American Bitcoin, a cryptocurrency backed by former President Donald Trump, has seen a significant decline of 40% in its market value, accompanied by heavy trading volume. This downturn has also negatively impacted Hut 8, which experienced a 12% drop in its stock price. The collapse reflects ongoing challenges faced by Trump family-related crypto investments.

Arca CIO Jeff Dorman has described the current cryptocurrency market decline as one of the strangest sell-offs ever, noting a disconnect between price movements and macroeconomic conditions. Despite traditional assets like equities and gold reaching all-time highs, cryptocurrencies continue to decline, raising questions about the underlying factors driving this trend.

Strategy has reduced its 2025 Bitcoin yield targets and built a $1.44 billion cash reserve, highlighting the volatility associated with corporate Bitcoin exposure. This pivot reflects a strategic shift towards direct investments in the Bitcoin ecosystem, particularly in Layer-2 infrastructure like Bitcoin Hyper, which offers enhanced transaction capabilities.

The cryptocurrency industry is facing intensified scrutiny as President Trump's policies come under fire from Democratic senators, who argue that these regulations create a conflict of interest. This situation has escalated with calls for investigations into Trump’s connections with cryptocurrency firms, particularly regarding potential national security threats linked to token sales to foreign entities.

Bitcoin's price has experienced another significant drop, contributing to ongoing volatility in the cryptocurrency market. This decline comes amid heightened speculation and anticipation surrounding a political announcement from Donald Trump, which is expected to impact market sentiment further.