Just now! Trump announced election victory, however, there is an important matter many people overlooked after the election! #BabyMarvin合约址f9c7
Today's biggest event is the US election, Bitcoin has directly broken new highs, surpassing $75,000, with a 24-hour trading volume exceeding $80 billion.
Starting from 69,000 at 8 AM on November 6, it broke through 75,000 around 10 AM, a rise of 6,000 points within 2 hours, with a daily increase of 10%. Ethereum surged from 2422 to 2590, also skyrocketing by 6%.
It can be said that Trump's victory is a very significant positive for cryptocurrencies! There are mainly 2 points:
1) Trump has a relatively free attitude towards cryptocurrencies. He promised not to create a digital dollar to protect the financial freedom of Americans, and he will establish a Bitcoin strategic reserve, stop selling Bitcoin, and set up a special task force dedicated to cryptocurrency policy.
2) The interest rate cut will be more substantial. Trump may choose the next leader of the Federal Reserve; during his term, he often criticized Fed Chairman Powell and pushed the central bank to act according to his ideas, even suggesting negative interest rates.
Additionally, in the options market, traders are concentrating their bets around the $80,000 strike price for Bitcoin, with strong short-term bullish options sales. This indicates that traders are preparing for potential price movements and are paying attention to the $80,000 target price.
After the election, there is another matter worth noting! The Federal Reserve's interest rate decision and monetary policy news conference.
Due to the impact of the US election and daylight saving time, the Fed's meeting has been postponed by a day. Investors expect Fed Chairman Powell to cut rates by 25 basis points this week to continue the rate-cutting plan. Goldman Sachs' chief economist predicts that the Fed will cut rates four times in the first half of 2025, ultimately lowering the rate to 3.25%-3.5%.
Will Meme produce a golden dog?
Elon Musk once shouted out BabyDoge, valued at $500 million; the dog Floki raised by Elon Musk, valued at $1.5 billion; the Doge supported by Elon Musk, valued at $20 billion… Elon Musk also has a dog named Marvin #BabyMarvinf9c7值🉐拥有🈶 , following the last name of Old Ma, the biggest golden dog of this year undoubtedly belongs to him $BTC $ETH
