Stock up on popcorn this week.
Today, the Senate voted to end debate on Kevin Warsh’s nomination as Fed Chair. In simple terms, he is being brought back into the Fed, and his final confirmation as head of the Fed is now expected later this week.
Everyone understands how important this is. Warsh’s decisions will effectively shape the next economic agenda for the US, the global market, and by extension, crypto.
As you have probably noticed, volatility has returned to Bitcoin over the past few days. This week, it may get even stronger, because several major events are lined up that can shake the market in both directions:
CPI data today.
PPI tomorrow.
CLARITY Act vote on Thursday.
Trump’s trip to China.
Warsh confirmation as Fed Chair.
So keep all of this in mind and stay locked in on the news flow. On-chain, we continue working as usual: there are not fewer setups - if anything, every day brings a new narrative and another opportunity to flip.
