The last wave of bad news this month???
At 3 AM last night, a 25 basis point rate cut was announced. Based on the market trends over the past two days, it should have little impact. The most influential factor is Powell's hawkish speech, which has caused the market to collapse.
The dot plot indicates only two rate cuts next year, expected to total 50 basis points, deviating from the anticipated 75 basis points, which is negative.
Federal Reserve's Harker supports pausing rate cuts, which is negative.
Powell: The Federal Reserve has no intention of holding Bitcoin, which is negative.
Currently, it's not allowed by law, but after Trump took office, changing Bitcoin to a strategic reserve is his issue, meaning that after Trump took office, I can no longer manage it, but now I can.
Powell: More needs to be seen in terms of inflation before further rate cuts will be considered.
This means that further rate cuts will depend on subsequent data releases.
Bitcoin ETF outflows of 84.3 million, Ethereum ETF outflows of 79.4 million.
Top picks for altcoin bottom fishing: UNI, LINK, AAVE, ENA
