**Trump's Treasury Nominee Bessent Calms Inflation Fears, Bitcoin Nears $100,000**

In a move that could have significant implications for the U.S. economy, President-elect Trump appointed Bessent as Treasury Secretary late Friday evening. The selection came after a lengthy and unpredictable nomination process, where several potential candidates saw considerable fluctuations in their prospects. Bessent, seen as the preferred choice among investors, has temporarily alleviated concerns regarding Trump's inflationary policies. This was reflected in the benchmark 10-year Treasury yield, which dropped to 4.36%.

Concerns about inflation will soon be under the Federal Reserve's microscope, with the release of the Personal Consumption Expenditures (PCE) index on Wednesday. This index is highly influential for economic forecasting and is closely monitored by the Federal Reserve. Economists anticipate a slight increase in the core PCE index, which could have implications for the central bank's policy decisions as Trump's administration begins.

While the nation's economic indicators are in flux, Bitcoin has been on an unprecedented rise. The cryptocurrency has surged nearly 50% over the past month and is approaching a $100,000-per-coin milestone. As of early Monday, Bitcoin was hovering around $98,000, signaling growing interest and investment in digital currencies amidst other economic uncertainties.