## The Federal Reserve Chair Race Heats Up, Bowman and Other Candidates Trigger Market Sentiment Shift

Trump is conducting final interviews, preparing to select the new Federal Reserve Chair from several candidates including Christopher Waller, Michelle Bowman, Kevin Hassett, and Kevin Warsh. This personnel decision is expected to be finalized soon and will directly influence the future direction of U.S. interest rate policies.

## Cryptocurrency Market Focused: Can Dovish Candidates like Bowman Boost Risk Assets?

The market generally expects that the new Fed Chair will determine the trajectory of U.S. monetary policy. Trump has previously indicated a preference for dovish candidates, which suggests a potential for a more accommodative monetary environment in the future. Once a rate cut cycle begins, abundant liquidity will directly stimulate demand for risk assets, including cryptocurrencies.

"I am currently meeting with three to four candidates and will announce a decision soon. They are all excellent choices," Trump recently stated. This statement has reinforced market expectations of a policy shift.

Federal Reserve members like Michelle Bowman are attracting investor attention due to their relatively moderate stances. Market analysts believe that a dovish-led Fed may accelerate liquidity injections, which would significantly boost high-leverage and high-volatility assets such as cryptocurrencies.

## Deep Connection Between Bitcoin Price and Fed Policy

According to the latest market data, Bitcoin(BTC) is currently priced at $90.51K, with a circulating market cap of $1807.86B, accounting for 55.85% of the entire cryptocurrency market. Over the past 30 days, BTC has decreased by 2.57%, with a 24-hour trading volume of approximately $945.58M.

Notably, during Jerome Powell’s nomination as Fed Chair in 2017, the event coincided with Bitcoin’s iconic bull market. At that time, the accommodative monetary policy environment sparked investor demand for alternative assets, fueling a prosperous cycle across the entire crypto market.

## Can Policy Easing Replicate the 2017 Bull Market Logic?

Historically, dovish Fed Chair policies tend to be accompanied by ample liquidity release. Under such conditions, the cryptocurrency market often experiences peak capital inflows. If candidates like Bowman, who advocate flexible monetary policies, are ultimately elected, they may recreate the market dynamics of 2017 by stimulating risk assets through low interest rates.

Analysts point out that every major shift in the Fed’s policy framework leaves a profound mark on cryptocurrency valuations. The personnel decisions in the coming weeks could be key factors in determining the crypto market trend in 2026.

_**Risk Warning**: This article is for market analysis only and does not constitute any investment advice. Cryptocurrency assets carry high risks; please conduct thorough independent research and risk assessment before investing._