Bitcoin Plummets to $75,000 as Warsh Denies Trump Rate Cut Demands

Bitcoin has fallen sharply to around $75,000, down 2.6% from just under $77,000 earlier on April 21, 2026, after Fed Chair nominee Kevin Warsh testified that President Trump did not demand interest-rate cuts, emphasizing Fed independence. This reduced near-term easing expectations, sparking risk-off moves that saw the S&P 500 and Nasdaq drop 0.5%, with Coinbase down 5% and Robinhood 3.5%. Earlier, BTC slipped to $75,500 (-0.6% over 24 hours). Analysts at 21Shares see potential for Bitcoin to hit $100,000 in late 2026 if Warsh pursues easing post-confirmation.