Tonight we are going to welcome a significant market event.

The nomination of the Federal Reserve Chair has been finalized, with Kevin Walsh leading with an 87% probability.

As a former Federal Reserve Governor and a veteran on Wall Street, his policy inclination is more market-oriented, and he has a more open attitude towards assets like Bitcoin.

If the nomination goes through, it is expected to alleviate the current market concerns about liquidity, and Bitcoin may welcome a new round of valuation recovery.