[Tom Lee: The Market is Pricing in Two Fed Rate Hikes This Year, Rising Treasury Yields as the Main Headwind] BitMine Chairman Tom Lee stated during yesterday's webinar that since Kevin Warsh held his first Federal Reserve press conference last week, the market has been continuously digesting his remarks. On the macro level, oil prices have retreated from their wartime highs, with WTI crude oil priced at $74 per barrel. The war premium is steadily fading, approaching the pre-invasion level of around $65 per barrel, indicating that the market is pricing in a gradual end to the conflict. On the other hand, the 10-year Treasury yield has continued to climb, rising from 4.2% during the war to 4.5%, steadily increasing since February. Tom Lee believes that the primary headwind for the market recently comes from the upward movement in Treasury yields, not just the 10-year yield—the market itself is beginning to price in the necessity for Fed rate hikes. Federal funds futures data show that the market has currently priced in nearly two rate hikes by the end of the year.