# Silver

Warsh Nomination and Dollar Surge Trigger a Global Sell-Off — Crypto and Metals Bear the Brunt

Markets roiled after President Trump nominated Kevin Warsh as his choice for Fed chair, sending the dollar higher and triggering a synchronized sell‑off across cryptocurrencies and precious metals. The move exposed thin liquidity and crowded positioning: bitcoin and ethereum fell sharply and metals suffered dramatic one‑day losses as traders repositioned for a potentially hawkish Fed.