Bitcoin’s recent recovery could be hanging in the balance as the political deadlock over Kevin Warsh’s nomination to lead the US Federal Reserve deepens, raising fresh concerns about prolonged dollar tightening and the erosion of risk appetite across digital asset markets. Treasury Secretary Scott Bessent has urged the Senate Banking Committee to begin confirmation hearings for Warsh without further delay, even as a Department of Justice investigation into current Fed Chair Jerome Powell remains unresolved. Warsh, a known fiscal hawk and proponent of balance sheet reduction, has already unsettled markets since being ... (full story)