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The Economic Times

Markets / The Economic Times

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Bitcoin slides near $78,800 amid Fed leadership change and geopolitical tensions

Bitcoin slipped to nearly $78,800, down over 6% in 24 hours, as markets reacted to the Fed leadership change and rising geopolitical tensions. Risk-off sentiment deepened after Kevin Warsh was named the next Fed Chair, pressuring major altcoins and dragging global crypto market capitalisation below $2.7 trillion.

1 Feb 2026 10:39 am