(Feb 10) : Federal Reserve Governor Christopher Waller said initial optimism that lifted crypto markets after President Donald Trump was elected may now be fading amid a selloff that has rattled the asset class. “Some of the euphoria that came into the crypto world with the current administration, some of that’s kind of fading,” Waller said Monday in La Jolla, California, during a conference hosted by the Global Interdependence Center. The Fed governor said ups and downs are common in the crypto market, and recent volatility could be driven by regulatory uncertainty and risk-management moves by larger financial firms. Waller’s comments underscore how crypto markets are becoming increasingly entangled with the broader financial system. Last week’s sharp drop in Bitcoin to US$60,033 — its lowest since October 2024 — triggered the biggest spike in volatility since the 2022 collapse of cryptocurrency exchange FTX.

Source: The Edge Markets February 09, 2026 22:01 UTC