Let's talk about the election
At present, the crypto market, led by Bitcoin, has risen to trillions of dollars. It has entered the mainstream vision from the so-called alternative assets and is no longer on the edge. Bitcoin is also increasingly affected by macro factors, including market liquidity, interest rate cuts and interest rate hikes by the Federal Reserve, and the US election.
When the Federal Reserve cuts interest rates and global capital liquidity increases significantly, it is also the time when BTC continues to rise in price. Macro liquidity still plays a decisive role in the crypto market.
In addition, in recent months, non-agricultural employment data and CPI data, which are of great reference value to the Federal Reserve's interest rate cut decision, often bring considerable fluctuations to the crypto market once they are released. BTC is currently increasingly linked to the macro financial market.
