http://minotaurus.io/insight/64e8ae545bf4483ca3036f3a412eec6c

Bitcoin (BTC) fell to $74,190 on Saturday, its lowest level in more than a month, despite pro-crypto Kevin Warsh being sworn in as Federal Reserve chairman a day earlier.

Why is Bitcoin down despite a pro-crypto Fed chair?

Bitcoin's sell-off came as the 2-year US Treasury yield climbed to 4.14%, its highest level since February 2025.

Over the past three decades, the Fed has typically raised rates when the 2-year Treasury yield moved above the federal funds rate, as the gap suggested markets were pricing in tighter policy ahead.

Conversely, when the 2-year yield fell below the Fed funds rate, it often signaled expectations for future rate cuts.

Such a shift weakens the bullish case for BTC, which typically benefits from falling yields, lower real rates and easier liquidity conditions.

Warsh is "a known inflation hawk"

In the past, Warsh has spoken favorably about Bitcoin, criticized central bank digital currency, and backed a larger role for private-sector financial innovation. For crypto holders, that checks several bullish boxes. But from a monetary-policy perspective, Warsh may still challenge the bullish Bitcoin narrative.

In a Saturday post, Patel noted that Warsh is "a known inflation hawk," not a dove, adding that a difficult macro backdrop, including Iran war-driven inflation risks and labor-market pressure, may keep him from slashing rates.

"Crypto-friendly on regulation is NOT the same as dovish on rates," he said.

Bitcoin underperforms in years of Fed leadership changes

Another warning comes from Bitcoin's historical reaction to Fed leadership changes.

In a Saturday post, analyst Lucky noted that BTC has struggled during previous chair transitions: it fell 84% after Janet Yellen took over in January 2014, 73% after Jerome Powell started in February 2018, and 60% after Powell began his second term in May 2022.

Warsh's takeover has so far coincided with a sharp BTC decline, suggesting holders may again be de-risking as they wait for policy clarity from the new Fed chief.

Where Whales Are Looking While BTC Faces Uncertainty

While the crypto market awaits signals from the new Fed chair, large holders are already exploring early-stage projects. One of them is Minotaurus (MTAUR) (http://minotaurus.io/insight/ba297e8975e3406c9212631cd8d19ee5), often compared to Bitcoin due to its similar model of limited supply.

Currently, MTAUR tokens are available at roughly 0.00012767 USDT. The entry barrier is low: for example, 20 USDT gives around 156,000 tokens - a position ahead of the official listing. If the project later reaches levels such as 0.012 USDT or 0.12 USDT, that bag could see a notable positive movement.

Activity around Minotaurus is already visible: the project has drawn over 3.21 million USDT in early deposits. With a starting valuation near 5.6 million USDT, it remains below many larger gaming and utility tokens.

Transparency in the early stage has also been confirmed. An audit is complete, and reports show zero outgoing transactions from presale wallets along with full on-chain confirmation of fund movements.

To learn more about the project, presale details, and upcoming updates, visit the official Minotaurus website (http://minotaurus.io/insight/ba297e8975e3406c9212631cd8d19ee5) - where instructions on how to buy MTAUR before its wider market launch are also available.

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Press contact: PR Department (pr@minotaurus.io)

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This release was published on openPR.