Bitcoin Stuck in a Rut After Warsh Pick as ETFs Shed Billions

Bitcoin traded near two-month lows after Donald Trump named Kevin Warsh as the next Federal Reserve chair — a choice that did little to lift sentiment in a market already under pressure from persistent ETF outflows. The largest cryptocurrency dropped as much as 4% to $81,045, its weakest level since November, before paring losses to around $84,000. Some traders had hoped the Fed chair announcement might offer a narrative pivot. Warsh, a former central bank governor with deep establishment ties, has recent ...