Bitcoin Surges Above $91,000 as Fed Chair Hopes Spark Rally

Bitcoin’s price surged above $91,000 this week, fueled by optimism about a potential shift in the Federal Reserve’s policy direction. The market is reacting to growing confidence that Kevin Hassett will be named the next Federal Reserve Chair, as he’s favored over other contenders. His perceived dovish stance towards monetary policy suggests a more accommodative approach with potential for further rate cuts and even quantitative easing (QE). This shift in Fed expectations has triggered a bullish move in Bitcoin.