The Federal Reserve has released the minutes from the November meeting, indicating that there may be further rate cuts in December, but inflation needs to fall to 2% and the job market must remain stable.
After Trump's election, the Federal Reserve's stance has become more cautious, with several policymakers supporting gradual rate cuts. During this meeting, the rate was cut by 25 basis points. As a result, Bitcoin has significantly retraced, falling below $91,000, and the U.S. stock market's blockchain concept has also been impacted.
Despite Bitcoin's recent rapid increase, the $100,000 mark remains a psychological barrier. After the election, influenced by expectations of Trump's support for cryptocurrencies, traders took profits after Bitcoin surged. However, I believe the target of $100,000 to $125,000 for Bitcoin by the end of the year remains unchanged, as institutional demand still remains strong.
