Markets jump as traders celebrate Trump’s crypto-friendly Fed pick and new catalysts

Crypto markets are ripping higher as traders latch onto a rare alignment of monetary and institutional tailwinds. A pro-crypto economist is now the clear favorite to run the Federal Reserve, while some of the world’s biggest asset managers are finally telling clients that Bitcoin belongs in traditional portfolios. Trump signals Kevin Hassett for Fed chair Prediction markets and Wall Street desks increasingly expect Kevin Hassett, a long-time Trump economic adviser, to succeed Jerome Powell as the next F ...