The crypto market is currently experiencing a period of sideways movement due to macroeconomic fears stemming from the trade war between China and the US. However, there is anticipation that the sentiment might shift if President Trump appoints a new Federal Reserve Chair to lower interest rates. Speculation is rife that Kevin Warsh might be Trump’s pick for the next Fed Chair. Given Warsh’s crypto-friendly remarks in the past, traders are already looking for the top altcoins to buy in anticipation of his potential appointment.
Warsh’s possible appointment gained traction after Trump criticized the current Fed Chair, Jerome Powell, for not lowering interest rates. Warsh has made several crypto-friendly comments in the past, expressing his support for Bitcoin as an ideal investment. He has also been linked to Bitwise, a digital asset management firm that offers spot crypto ETFs. If Trump does indeed pick Warsh as the next Fed Chair, it could trigger significant moves in the crypto market, prompting traders to seek out the best altcoins to buy in anticipation of potential market rallies.
Three altcoins that are currently considered top picks amid the speculation surrounding Warsh’s potential appointment are Ripple (XRP), Solana (SOL), and Cardano (ADA). These altcoins have strong technical outlooks and positive catalysts that could ignite price rallies. Ripple, for instance, is surrounded by catalysts such as spot ETF approvals and possible integration with institutions like the Federal Reserve and SWIFT. Solana, on the other hand, has formed a falling wedge pattern that could lead to a bullish breakout if it overcomes resistance levels. Cardano, a US-based altcoin, is also poised for a potential breakout, especially if it secures approval for a spot Cardano ETF.
In summary, President Trump’s potential appointment of Kevin Warsh as the next Fed Chair has sparked interest in the crypto market, with investors seeking out the top altcoins to buy in anticipation of potential market movements. Ripple, Solana, and Cardano are among the altcoins that traders are eyeing for their bullish technical outlooks and positive catalysts. As the market awaits further developments, these altcoins could see increased attention and potential price rallies in the coming days.
