Today's big events:
Market trend:
BTC broke through the weekly line and rose by blood. The altcoins plummeted, and the previous strong coins led the decline. The US stock market fell, and Nvidia led the decline.
Market hot spots:
1 AI concept meme Turbo and Goat rose, Goat hit a new high market value of $200 million, and many AI concept meme imitations appeared in the market. The greater significance is that American citizens can issue coins through AI to bypass regulatory supervision.
2 is expected to be a stable rise in ENA, and the stablecoin business will expand from the ETH chain to the SOL chain.
3. The key of small coins is rising, and it is merged with singularity and cognito to make AI's l2. Similar to the previous FET three-coin integration, the risk is relatively high.
4. On the chain, Tugou Deep has increased by 3 times. Deep is the DeFi transaction aggregator of Sui Chain and is currently under testing.
5. The previous strong currencies such as tao, sui, saga, spx, etc. led the decline. There is a 1 billion US dollar sui account that continues to ship, and it is likely to be the sui official.
Trump: If I am elected president of the United States, the dollar will be very safe
Trump said, "We are focused on economic growth. Harris' plan has nothing to do with growth, and we are all about growth. We will bring companies back to the United States. We will grow the U.S. economy to an unprecedented level. If I am elected president of the United States, the dollar will be very safe and the dollar will be the strongest reserve currency in history."
The Fed, with its focus on the labor market, will continue to cut rates
Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, said the Fed is now focusing on a "mixed" labor market and will continue to cut interest rates in November, but policymakers are treading carefully because inflation is no longer cooling quickly. Most Fed policymakers gave the green light last week for further rate cuts in the coming months, while Atlanta Fed President Bostic said a rate cut might need to be skipped in November. Traders are currently pricing in an 89% chance of a 25 basis point rate cut at the Fed's Nov. 6-7 policy meeting, abandoning expectations that the Fed would cut by 50 basis points after strong September jobs data and other upbeat economic data.
1: Former US President Trump said that the president should be able to communicate with the Federal Reserve Chairman; he has the right to comment on interest rate trends; Federal Reserve Chairman Powell cut interest rates too much,
2: After the US stock market opened last night, BTC began to rapidly wash out the market following the US stock market. The US stock market fell by more than 1%, and BTC fell directly by 4%. At present, the market is being pulled back one after another. Yesterday, the market rose again, breaking through the previous high of 66500. It once hit a high of 67950, and then fell back to the support position of 64800. The price is still fluctuating repeatedly at high levels. Overall, the market is still in an upward trend. It is recommended to continue to pay attention to the opportunity to buy at low levels. After all, it has been deposited for so long, and the bulls are It’s time to strike hard (pressure position 68000-68200) (support position: 66000-66300)
