Bitcoin

The UK has been positioning itself as a crypto hub post-Brexit, but recent political instability (multiple PMs, ministerial changes) has created uncertainty. Healey's 'safe pair of hands' label suggests continuity rather than innovation, which may slow pro-crypto legislation. Meanwhile, the broader market is focused on macro factors like Fed rate decisions and BTC's $65k resistance level.

John Healey appointed as chancellor weeks after resigning from defence secretary role

UK's New Chancellor John Healey Brings 'Safe Hands' to Treasury, Crypto Sector Watches for Policy Signals

Healey's move from defence to treasury could ease UK crypto regulation as a new defence secretary takes a less aggressive stance on blockchain-related national security threats.