Crypto market wavers on Warsh Fed stance, Trump Iran remarks

Bitcoin and the broader cryptocurrency market are struggling for direction as conflicting signals from Federal Reserve Chair Kevin Warsh and President Donald Trump's comments on Iran inject fresh uncertainty into risk assets.

Markets wobbled after Warsh, in his first major policy address since taking the helm of the Fed, hinted at a more cautious approach to rate cuts, diverging from the market's dovish expectations. Meanwhile, Trump's mixed remarks on the Iran nuclear deal — alternately suggesting progress and threatening renewed sanctions — added a geopolitical layer to the sell-off. Bitcoin slipped below $68,000, with altcoins following suit, as traders reassessed the macro backdrop. The crypto sell-off mirrors weakness in equities, with the S&P 500 also declining on the dual headwinds. Traders can monitor real-time price action on NowPrice's live crypto dashboard to track the impact of these macro events on digital assets.

Looking ahead, the market will focus on upcoming Fed speeches and any clarification on the Iran negotiations. A sustained break below key support levels could accelerate losses, while a dovish pivot from Warsh or a de-escalation in Iran tensions might spark a recovery. On-chain data shows exchange reserves remain low, suggesting that long-term holders are not panic-selling, which could limit downside. However, until the macro picture clears, volatility is likely to persist.