Bitcoin faces selloff as Powell exits, Warsh steps in May 2026

Bitcoin drops 9% following Jerome Powell’s Fed departure, with investors unsettled by new chair Warsh’s uncertain policy direction.

Key takeaways

• Why Jerome Powell’s Departure Sparks Uncertainty in Bitcoin Markets
• Bitcoin’s recent selloff wasn’t just about numbers—it was about trust. Jerome Powell’s exit from the Federal Reserve in May 2026 rattled the crypto markets, triggering...
• Leadership changes at the Fed rarely go unnoticed by markets. The last time a Fed chair transitioned—when Janet Yellen handed the reins to Powell in 2018—the S&P 500 s...
• This time, the stakes are higher. Bitcoin ETFs now account for nearly $12 billion in assets under management in the U.S., up from zero five years ago. Institutional ex...

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