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Why is crypto down today being February 2, 2026?
There areany factors, but here is one of the reasons:
Factors include hotter PPI data, Kevin Warsh Fed nomination shock.
President Trump has announced his intention to nominate Kevin Warsh to be the next chair of the Federal Reserve, aiming to replace the incumbent, Jerome Powell, when his term expires in May 2026. Warsh is a former Fed governor and economist considered a "hawk" on inflation, though he has recently aligned with views favoring lower interest rates in the near term.
Secondly,
ETF outflows (~$500M+ for BTC), and bearish sentiment plunging to "extreme fear .
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DYOR