Mlion friends, are you closely following the Federal Reserve's movements? The latest Federal Reserve meeting minutes have arrived, revealing a hint of cautious optimism. Inflation is declining, and the labor market remains strong, seemingly paving the way for gradual rate cuts. Imagine, if the Federal Reserve really cuts rates, what kind of stormy changes will our crypto world experience?
It should be noted that in the past 48 hours, the global cryptocurrency market has experienced a slight correction. The price of Bitcoin (BTC) directly fell from its attempt to hit $100,000, dropping below the $93,000 mark. The total market capitalization of the entire cryptocurrency market has also decreased by more than 2% in the past 24 hours, falling to $3.19 trillion. Ah, this market is truly unpredictable!
Looking at Trump’s side, his next move is also a focus of our attention. Although inflation is still above the Federal Reserve's 2% target, officials have already seen progress. Rent costs and restrictive policies are expected to continue lowering inflation. Labor market data also shows some resilience; despite being affected by storms and strikes in October, the layoff rate remains low.
However, there is still considerable uncertainty in the market regarding the neutral interest rate. The policy neither stimulates nor suppresses growth, but the Federal Reserve is planning some adjustments to avoid excessive manipulation. Although market confidence in a rate cut in December remains mixed, the probability is below 60%. One concerning point is that President-elect Trump's tariff and deregulation policies may once again push inflation higher.
It's worth noting that this important meeting minutes did not mention the U.S. elections, nor did it record the increase in stock market volatility before November 5. There was also no discussion on the impact of fiscal policy. Officials unanimously believe that inflation has been brought under control, and the likelihood of an unexpected surge in unemployment is also low. However, some participants believe that if inflation remains high, the committee may stop easing policy rates.
Ah, speaking of this, we must mention the upcoming Bitcoin options expiration wave. Over $11 billion worth of Bitcoin options will expire on December 27, and cryptocurrency traders are gearing up for a potential big market movement. This means Bitcoin could drop to $81,493 or soar to $115,579, with the probability of such price changes as high as 68%! Looking at these numbers, don't you feel your heart racing?
As of the time of writing, the average trading price of Bitcoin is around $93,149, with the 24-hour trading volume soaring to $91.7 billion. This market truly evokes mixed feelings!
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The above content is for information sharing only and does not constitute any investment advice! Investment carries risks, and one must be cautious when entering the market!
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