#数字资产市场观察 Just now! A message directly woke up the traders in the middle of the night 💥


Reuters reported that Federal Reserve Chairman Jerome Powell suddenly submitted his resignation to the White House and left after an emergency meeting tonight. As soon as this news broke, the market went wild—Bitcoin skyrocketed from $81,000 to around $91,000, US stock futures fluctuated wildly, and the dollar index plummeted as if it had been cut loose.
To be honest, the timing of this choice is quite strange.
At the end of the year, liquidity is already tight, yet they are pushing for a power transition at this moment? What will tonight's emergency meeting announce? And the most crucial point - is the successor prepared to loosen the restrictions or continue to tighten them?
**I think there are several directions to focus on:**
If a dove comes to power, the market will most likely rally. Once the expectations for interest rate cuts rise, funds will have to find a place to go. But what if a hawk takes office? In the short term, there will definitely be some fluctuations, but for some people, the greater the volatility, the more opportunities there are.
By the way, here are a few data points that I find quite interesting:
- This week, Ethereum spot ETF net inflows reached 368 million USD.
- The probability of a rate cut in December has soared to 86.4% according to CME statistics.
- There is a listed company called Prenetics, and their Bitcoin yield has surprisingly reached 435%.
**Don't miss these time points from tonight until tomorrow morning:**
Powell's farewell speech, the White House press conference, and the release of the meeting minutes. Every time the Federal Reserve changes personnel, the market tends to shake, and this time is likely no exception.
What do you think? Should we go all in or hold back? How do you plan to adjust your positions?
BTC-2.05%
ETH-2.05%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
ABABBABAvip
· 12-02 01:47
Short-term Fluctuation is large, long-term outlook is optimistic for the project.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)