Bitcoin's price slipped to approximately $75,500, down 0.6% in the past 24 hours, following remarks by Federal Reserve chair nominee Kevin Warsh. Speaking before the Senate Banking Committee, Warsh stressed the importance of the Federal Reserve's independence, countering speculation about political pressure to cut rates. Despite President Trump's calls for lower interest rates, Warsh stated he never discussed rate levels with the president. Warsh also acknowledged the growing role of digital assets in financial services, describing them as integral to the industry. His comments coincided with declines in broader markets, with the Nasdaq and S&P 500 both falling about 0.5%. Crypto-related stocks saw sharper declines, with Coinbase dropping 5% and Robinhood falling 3.5%. Warsh's potential appointment is seen as positive for crypto policy, given his investment background in digital assets and his view of bitcoin as "the new gold for people under 40."