Bitcoin stays above $75,000 as Senate prepares Warsh confirmation
Bitcoin continued to trade above the critical $75,000 level on Tuesday as markets awaited Senate confirmation hearings for Kevin Warsh, President Donald Trump’s nominee to lead the Federal Reserve. The level is widely viewed as a make-or-break threshold that will determine whether bulls maintain control in the near term.
Highlights
- Bitcoin is trading above the key $75,000 level ahead of Kevin Warsh’s Senate confirmation hearing.
- The ceasefire between the U.S. and Iran expires on Wednesday, adding geopolitical risk.
- A breakdown could drive oil prices significantly higher than the March peak of $119.
Technical resilience amid uncertainty
As of Tuesday, Bitcoin was trading near $75,800, showing modest intraday weakness but remaining up 1.3% over the past 24 hours and 2.6% for the week.
BTC price dynamics (April 2026). Source: TradingView
CoinDesk has described $75,000 as a pivotal support level for bullish sentiment. As long as Bitcoin stays above this mark, buyers are considered to be in control. However, some market observers are urging caution, noting that the price needs to hold this level at least until Wednesday, when the current two-week ceasefire between the United States and Iran is set to expire.
Geopolitical risks and Fed outlook
The approaching end of the ceasefire has added another layer of tension. On Monday, President Trump warned of possible serious escalation if no agreement is reached. So far, no Iranian delegation has departed for talks in Pakistan.
A breakdown in the truce could push oil prices well above the March high of $119 per barrel, potentially triggering a sharp sell-off in global equity markets. During the previous flare-up in March, Bitcoin remained relatively stable around $70,000, raising questions about whether it can maintain resilience or will fall in tandem with traditional risk assets this time.
At the same time, investors are closely watching the Senate hearings for Kevin Warsh. His views on interest rate policy and the Fed’s independence could significantly shape expectations for risk assets, including Bitcoin.
Markets balance multiple risks
The current environment highlights how intertwined cryptocurrency prices have become with both monetary policy expectations and geopolitical developments.
While Bitcoin has shown relative strength above $75,000 so far, any negative surprise from either the Fed hearings or the Middle East situation could quickly shift market sentiment.
Earlier, we reported that CLARITY Act advanced in the Senate Banking Committee amid a push from lawmakers.
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