The White House is awaiting Senate approval of Warsh as Fed chief. - The White House said on Monday it looks forward to working with the Senate to confirm Kevin Warsh as Federal Reserve Chairman.
Powell concludes final press conference as Fed chief - Federal Reserve Chairman Jerome Powell concluded his final press conference in his role on Wednesday,
Bitcoin was flat on Monday after failing to sustain an early rally as rising oil prices and ongoing geopolitical tensions dampened overall risk appetite.
The world's largest cryptocurrency was last trading 0.1% lower at $77,899.7 by 4:41 PM Moscow time, after briefly reaching an intraday high of $79,461.7.
Bitcoin faces strong resistance near the key $80,000 level, and the pullback comes after repeated bounces near $79,000.
Bitcoin Pares Early Gains Amid High Oil Prices
The initial rally was sparked by an Axios report that Iran has proposed a project to the United States to reopen the Strait of Hormuz, potentially delaying nuclear talks.
The offer, delivered through intermediaries, raised some hopes for a restoration of flows through the critical oil transit route.
However, Bitcoin regained its gains as oil prices remained high, near multi-week highs, amid uncertainty about Washington's acceptance of the offer.
Earlier, US President Donald Trump canceled a planned envoy's trip aimed at advancing negotiations with Iran, stating that talks could continue by telephone.
Bitcoin had previously benefited from optimism surrounding ceasefire discussions earlier this month, when easing tensions supported a recovery in risk appetite.
Bitcoin Conference 2026 Spotlight
The world's largest gathering, Bitcoin Conference 2026, kicks off in Las Vegas later Monday.
The event is expected to attract tens of thousands of investors, developers, and policymakers, with high-profile speakers and industry announcements often shaping sentiment.
Historically, Bitcoin tends to exhibit increased volatility around conference times, with prices often rising on a wave of pre-event optimism, followed by profit-taking or consolidation.
Market participants are also watching upcoming central bank decisions, particularly the Federal Reserve and Bank of Japan meetings this week, for clues about interest rate policy amid rising inflation risks.
The Fed is scheduled to announce its policy decision on Wednesday, and this could be the last meeting chaired by Jerome Powell before an expected leadership change.
In Asia, the Bank of Japan began its two-day meeting on April 27, with markets expecting policymakers to keep rates unchanged while simultaneously signaling a possible rate hike in the coming months as inflation risks rise.
Cryptocurrency funds attracted $1.2 billion in weekly inflows
According to CoinShares data, global cryptocurrency investment products attracted $1.2 billion in net inflows last week. Inflows declined slightly from $1.4 billion the previous week, but the broader trend continued.
Total assets under management for cryptocurrency investment products rose to $155.3 billion, the highest since February 1.
Bitcoin funds led the way, attracting $932.5 million and pushing year-to-date inflows into Bitcoin products to approximately $4 billion. Products from asset managers including BlackRock, ARK 21Shares, and Fidelity were among those recording the strongest inflows.
Cryptocurrency prices today: Altcoins decline
The world's second-largest cryptocurrency, Ethereum, fell 0.7% to $2,319.45.
The world's third-largest cryptocurrency, XRP, fell 1% to $1.41.
Solana fell 1%, Cardano lost 1.7%, while Polygon rose 0.7%.
Among the meme tokens, Dogecoin remained relatively unchanged.