#数字资产市场动态 The Federal Reserve Chair is about to change hands, which is undoubtedly the most important variable for the crypto market in the first half of 2026.

Trump officially announced: The new Federal Reserve Chair will be confirmed in early 2026. This is not just personnel adjustment but a decision that directly affects the entire crypto ecosystem's direction. Why is this so critical? Because the Fed Chair holds the power over interest rate policies.

Let's briefly analyze this logical chain—

Interest rate cut cycle begins → Market liquidity becomes abundant → Funds flow into high-risk assets (including $BTC and various coins) → Market rallies. Conversely, rate hikes and tightening → Funds withdraw from risk assets → Market faces pressure. The policy inclination of the new Chair can almost directly determine the tone of the crypto market for the next half year.

If the new Chair leans towards growth-friendly and relatively moderate policies, it will be a strong boost for the rebound. The market has already anticipated a relief rebound in January, and coin funding could warm up again. With policy support, this rebound cycle might be amplified, even becoming a catalyst for pushing to new highs.

On the other hand, if a hawkish, hardline candidate is chosen, firmly leaning towards tightening, the crypto space will immediately come under pressure. Funds will cool down rapidly, and the risk of a correction will increase.

So the key point is—continue to monitor the inclination of the new Chair candidate. Once confirmed, we can more accurately assess the potential performance of coins like $BTC, $ZEC, and $AT during the rebound cycle.

For those participating in the crypto market, policy is always an underlying variable that cannot be ignored. Grasping this step by the Fed is equivalent to seeing the market’s overall direction for the coming months in advance.