Markets are pricing in significant uncertainty as prediction markets now view Kevin Hassett and Rick Rieder as frontrunners to replace Jerome Powell when his term ends in May 2026 a decision that could meaningfully shift macro policy and risk appetite.
Bitcoin (BTC) is trading cautiously, lingering around the $88,000–$90,000 range as traders hedge positions ahead of this political and monetary policy event. Ethereum (ETH) mirrors the risk tone, consolidating near $2,950–$3,000 as macro fixation dominates trading flow.
Hassett’s potential appointment is being interpreted as dovish, signaling faster rate cuts and a weaker dollar a bullish backdrop for crypto if realized. Conversely, political pressure and Fed independence concerns inject volatility into risk assets, curbing strong upside until clarity emerges.
Key Levels to Watch:
• BTC support: $85,000 – $87,000
• BTC resistance: $92,000 – $95,000
• ETH pivot: $2,900 – $3,050
Stay disciplined and use tight risk management until the Fed chair nomination is officially confirmed.
