Bitcoin: Fed Chair Warsh Holds 20+ Crypto Assets
Bitcoin at $73913.51 as new Fed Chair Warsh owns dYdX and Polymarket; gold-Bitcoin correlation shifts while corporate Bitcoin treasury adoption expands via SpaceX.
SourceAnalysis
Bitcoin faces renewed scrutiny after Warsh took the Fed chair role holding over 20 crypto assets including dYdX and Polymarket, marking the first time rate-setters directly own the rails.
Gold posted a 65% YoY gain while BTC remains below its $126K peak, confirming crypto trades as a performance asset that sells off with equities yet rebounds on liquidity; the 2020 playbook and ongoing debasement trade keep the Bitcoin gold correlation intact. Corporate Bitcoin treasury adoption accelerates as SpaceX disclosed 18,712 BTC worth $1.4B. On the 4h chart BTC sits at $73913.51 inside the Bollinger band with price testing upper resistance at $76830.82 while the RSI at 40.34 stays neutral and MACD prints a bullish golden cross; the bearish structure defined by EMA50 at $75577.18 and EMA200 at $76865.37 suggests a healthy retracement toward the 50-EMA support before any continuation higher, keeping BTC price prediction models focused on liquidity-driven moves rather than hedge characteristics.
Charles d'Haussy | dYdX
@charlesdhaussyCEO @dYdXfoundation - Crypto Derivatives, DeFi & Governance / ex. ConsenSys & .gov.hk