1: Federal Reserve cuts interest rates in November
Probability of rate cut: According to market analysis and forecasts, the probability of the Federal Reserve cutting rates in November is relatively high. Especially considering the improvement in U.S. economic data and rising inflation pressures, the Federal Reserve may adopt a more dovish monetary policy in response.
Market reaction: If the Federal Reserve cuts rates as expected, the cryptocurrency market may experience a wave of upward momentum. In particular, investors sensitive to interest rate changes may allocate more funds to the cryptocurrency market, thereby driving up the prices of altcoins and other high-risk assets.
2: Trump fires SEC Chairman on his first day in office
During his speech at the Trump 2024 Bitcoin Conference, Trump clearly stated that he would fire SEC Chairman Gary Gensler on his first day in office. This statement shows his dissatisfaction with the SEC's long-standing policies. It remains to be seen whether Trump can provide evidence of inefficiency, neglect, or misconduct by Gary Gensler. If this statement is realized, it could help Trump eliminate regulatory obstacles in promoting cryptocurrency market policies, which would be beneficial for the crypto market.
3: COINBASE wins lawsuit against SEC
This lawsuit has lasted for a year, and the impact on the cryptocurrency market after it ends:
If Coinbase wins: It will bring some positive news for the cryptocurrency market and boost investor confidence in the cryptocurrency market.
If SEC wins: It could have a significant impact on Coinbase and the entire cryptocurrency market. The SEC may require Coinbase to make a series of corrections, and it might even impose restrictions or bans on its business. This would lead to Coinbase losing some market share and could trigger volatility in the entire cryptocurrency market. However, whether this lawsuit will result in the successful removal of the SEC Chairman after Trump takes office remains unknown.
