- BTC is leading the declining trend for crypto prices.
- Trump’s next call could be an announcement to share a new Fed Chair.
- India has flagged chances for a 2008-like global financial crisis.
Crypto prices worldwide have dropped massively, and leading the chart is BTC itself. The flagship token has shed over 5% in just 24 hours. This comes ahead of the anticipated announcement by US President Donald Trump, wherein he is expected to share Jerome Powell’s replacement.
Also, dips across the crypto market are noticeable after India flagged a slight chance of another financial crisis in 2026.
BTC and Other Crypto Prices Stoop Low
The collective market cap is down by 5.38% to $2.83 trillion at the time of writing this article. The FGI has shifted to 28 points, and the Altcoin Index stands at 32 points. Every token has taken a significant hit over the last 24 hours. BTC is listed at $82,994.14, down by 5.82%. ETH has shed almost 6.70% of its value and is now trading at $2,750.56.
For Bitcoin tokens, Kalshi Traders earlier underlined that they were speculating the crypto to go as low as $64,000 in 2026. It remains to be seen if BTC actually stands true to that speculation or defies the odds.
Peter Schiff, Founder of Schiff Sovereign, has suggested that the crypto community buy dips. He has further asked the members not to buy the collapse in Bitcoin. Needless to say, the crypto market is always volatile, and research is necessary before investment.
Trump’s Next Call
A report by Reuters mentions that Donald Trump is expected to announce Powell’s replacement this Friday. All four candidates, led by former Fed Governor Kevin Warsh, are reportedly in favor of lower rates.
The current Fed Chair kept rates steady (3.50% – 3.75%) after the January 2026 meeting despite political speculation of cuts. Jerome defended the decision by citing that the economic outlook improved, and it was important to follow a balanced approach amid tension between inflation & employment.
Chasing rate cuts without institutional independence could compromise the agency’s measures. And, it could lead to higher uncertainty for every industry, including the crypto market. A joint statement by over eight heads of global banks had, therefore, expressed their support for Powell, saying that the central bank’s independence was a cornerstone to stability in economy, price, and finance.
Financial Crisis Flagged by India’s Chief Economic Advisor
Adding to the current situation of the crypto market is the recent warning by V Anantha Nageswaran, India’s Chief Economic Advisor. He has flagged a 10% to 20% chance for a global economic crisis just like 2008. The scenario could unfold a systemic shock cascade if technological, financial, and geopolitical stresses reinforce each other.
His statement came while discussing the latest Economic Survey. It concluded that there was a possibility for strategic rivalries to intensify and trade to become explicitly coercive. Anantha’s statement has come days before the upcoming 2026 budget.
If true, then the crypto market could feel the heat, which is partially why there are significant dips on price boards.
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Source: https://thenewscrypto.com/btc-leads-dips-in-crypto-prices-ahead-of-trumps-imp-call-and-global-financial-crisis-chance/
