Why is Bitcoin falling despite pro-crypto Kevin Warsh becoming Fed chair?

Bitcoin's price has been declining despite Kevin Warsh's appointment as the Federal Reserve chair, a move seen as favorable for the cryptocurrency market. Analysts attribute the downturn to ongoing regulatory concerns and macroeconomic factors, including rising interest rates and inflation pressures. Additionally, market sentiment remains cautious as investors weigh the potential impact of Warsh's policies on the broader economy. The combination of these elements has led to uncertainty in the crypto market, overshadowing the optimism surrounding Warsh's pro-crypto stance.

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