It's been abundantly clear for some time that President Trump would like someone other than Jerome Powell in the Fed chair's, well, chair. But that person will not be Treasury Secretary Scott Bessent,

Historically, crypto thrives on uncertainty, but only to a point. Since Trump’s Nov. 6 victory, Bitcoin and other cryptocurrencies have surged dramatically. A sudden firing of the Fed chair could trigger risk-on, risk-off behavior from investors. Some might jump into crypto as a hedge, while others might sell amid fears of broader market chaos.