Walsh takes office as Federal Reserve Chairman, leading to synchronized corrections in US stocks and Bitcoin

Powell's term as Federal Reserve Chairman has expired, and the US Senate has approved Bush as the new chairman with 54 votes in favor and 45 votes against. On the day of Walsh's inauguration, the S&P 500 index peaked at 7501 points and quickly fell back, while Bitcoin failed to hit $82000 and fell, currently barely holding the $77000 mark. Tom Lee once predicted that the market may experience a 15% to 20% pullback in the early stages of the new chairman's tenure, but it remains bullish throughout the year and expects the S&P 500 index to reach 7700 points by the end of 2026.