Bitcoin is riding a wave of momentum above $78,000, and the confirmation of Kevin Warsh as the new Fed chair could determine whether the rally continues. Warsh has publicly backed crypto’s role in the U.S. financial system, earning industry praise even as Democrats push back. Meanwhile, the U.K. is advancing stablecoin integration, adding global momentum.
But headwinds remain. The KelpDAO hack has deepened DeFi security concerns, and Jefferies warns that Aave’s $15 billion outflows could tip Wall Street to pause interest in the sector.
For young traders, this is a moment of competing signals. Pro-crypto leadership at the Fed could fuel the next leg up. But DeFi contagion risks could spoil the party. The path forward depends on which force wins. Watching both will determine your next move.