Powell simply said, "The Federal Reserve is not allowed to own Bitcoin and does not wish to change the laws," and directly caused a bloodbath in the market! In one night, the cryptocurrency market and the U.S. stock market evaporated over 2 trillion dollars!
Not to mention the scheduled 25 basis point rate cut; after Trump took office, it’s uncertain whether he would still be the Federal Reserve chairman.
Remember that all panic information in the market is often what others want you to see.
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