#MarketPullback
Federal Reserve Change Impacts Markets, Bitcoin Suffers a Drop🚨🚨
According to PANews, the Federal Reserve confirmed a long-awaited policy change this week, which significantly affected the markets. Market participants now expect a rate cut of about 40 basis points by December 2025, which will trigger a rise in US Treasury bond yields. Earlier this week, Bitcoin fell from its all-time high, continuing its decline during European trading on Friday, approaching $95,000. This follows Bitcoin's recent spike of over $108,000. The drop in the cryptocurrency market has hit altcoins such as Ethereum and Dogecoin the hardest. Additionally, US exchange-traded funds (ETFs) that invest directly in Bitcoin ended a 15-day streak of inflows, recording an outflow of $680 million, highlighting a shift in market sentiment.
With Christmas approaching, the market is expected to be relatively calm next week, although the release of some important data could still influence it. However, due to low liquidity, market volatility could increase. Key points to watch in the coming week include the US Conference Board Consumer Confidence Index for December, which will be released on Monday at 23:00 (UTC+8), and Initial Jobless Claims for the week ending December 21, which will be released on Thursday at 21:30 (UTC+8).
