According to The Kobeissi Letter, Bloomberg reports that US Treasury Secretary Scott Bessent is being considered as a possible successor to Fed Chair Jerome Powell. This development follows Donald Trump's statement last week that his pick for the next Fed Chair will be announced very soon. Traders should note that leadership changes at the Federal Reserve often trigger significant volatility in the cryptocurrency markets, as Fed policy shifts can directly impact liquidity and risk sentiment. Market participants should monitor further announcements for potential signals on US monetary policy direction and its influence on Bitcoin and altcoin price movements. (Source: The Kobeissi Letter, Bloomberg, June 10, 2025)