Trump remarks on Fed chair shake Bitcoin rally and 2026 rate-cut bets

Bitcoin's climb toward $100,000 in early 2026 was disrupted on Jan. 17 as markets reacted to President Donald Trump's remarks on the next Federal Reserve chair, BlockBeats reports citing Reuters. Trump said at the White House he would "rather keep" economic adviser Kevin Hassett in his current role instead of replacing Jerome Powell, calling a move "a serious concern," which pushed prediction platform Polymarket's odds for rival Kevin Warsh to nearly 60%. Analysts noted Hassett is viewed as more dovish and supportive of 2026 rate cuts that could benefit Bitcoin and risk assets, while Warsh is seen as more hawkish, implying higher rates for longer and near-term pressure on crypto markets.