Fed chair nominee confirmed

April 21, Fed chair nominee Kevin Warsh’s confirmation hearing will be held. Tom Lee warns of market volatility as investors test new leadership.

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the Fed is in an impossible spot Our CSO Brian Cubellis @BackslashBTC was recently on CGTN breaking down Warsh's predicament cut rates with sticky inflation? that's a recipe for much higher inflation raise rates with $1T/year in interest expense on $40T in debt? yeah that's going to be tough to pull off, can't do it Powell's been punting for a year for this exact reason and now Warsh inherits the mess. And if he's beholden to Trump there goes the illusion of Fed independence and its credibility. Foreign central banks have already been net sellers of Treasuries and net buyers of gold for years Non-sovereign, neutral assets only continue to win from here on out. Gold has made its run and bitcoin is next.

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The enforcement actions against the vessel "TOUSKA" have pushed U.S.-Iran relations into a critical sensitive period. As negotiations stall, we are seeing a rapid reversal in asset pricing. The question for every trader right now: Hold for a turnaround, or hedge for turbulence?

📊 Market Watch: BTC, ETH, & XAUT

While uncertainty remains high, we are seeing mixed signals in the majors:

BTC (+2.00%) & ETH (+1.48%): Showing some resilience as traders look for decentralized hedges, but remain wary of "flash-crash" risks if military escalation occurs.

XAUT (+0.33%): Tether Gold is acting as a traditional safe haven. As the "peace premium" fades, many are pivoting to gold-backed digital assets to preserve capital.

$BTC $XAUT $ETH

#Fed chair nominee confirmed