Bitcoin ATH 76800 🚀
《The Federal Reserve cuts interest rates by 25 basis points to 4.5%-4.75%, in line with market expectations, showing concern for both inflation and employment dual objectives.》
Powell mentioned that after rates approach neutral levels, the Federal Reserve may slow down the pace of rate cuts to cautiously evaluate economic performance.
He believes that the U.S. economic growth is strong, the labor market is stable, inflation is receding, and future performance may outperform other countries globally. He noted that the Federal Reserve's goal is to gradually achieve neutral interest rates, but it will not deliberately suppress inflation below 2% to make up for past overshoots.
《The Impact of Trump's Election on the Cryptocurrency Market》
At the same time, Trump's election brought significant impacts to the crypto market, especially the strategic reserve status of BTC may be strengthened, while the decentralized applications and smart contracts of ETH may face stricter regulations.
Especially after ETH's transition from Proof of Work (PoW) to Proof of Stake (PoS), the price performance has been mediocre, and its attractiveness has declined. Experts suggest that current ETH holders need to reassess their holding strategies to cope with potential market volatility.
However, some analysts point out that the crypto industry may welcome more innovative products, especially in the area of ETFs supporting ETH staking. Trump's election may bring more innovation to the crypto industry, particularly in the area of diversified financial products, especially in ETFs supporting ETH staking.
🧑💻Personal Opinion:
Although Trump may lean towards supporting BTC, I still have confidence in the Ethereum ecosystem. The unique advantages of ETH's DeFi applications and smart contracts make it irreplaceable in the crypto market. Especially in the context of the continuous development of DeFi and decentralized applications, the Ethereum ecosystem has great potential. I believe that as market demand for staking products increases in the future, ETH's DeFi applications may become the next trend hotspot. What do you think?