$BTC Blood-red Christmas!!
Attention!!
Powell's two sentences have made the big cake jump, can we say that the bull market is going to be ended early by Powell?
Last night's speech by Powell directly caused the market to crash, and he also bluntly stated that the Federal Reserve will not hold Bitcoin and will not change this stance.
Isn't this directly conflicting with Trump's Bitcoin strategic reserves? Moreover, Trump also said a few days ago that he would not dismiss Powell after taking office.
What is going on here?
The second sentence is also crucial, stating that there will only be a 50 basis point rate cut next year. The implications of this message for the future are still unclear, but it definitely has a significant negative impact on the current market situation.
The big cake broke through 100,000, steadily rushing towards 110,000. Trump's Bitcoin reserve plan and the altcoin season are about to explode. Everyone is passionately trading cryptocurrencies, but Powell has poured cold water on it directly.
As for why the future is unclear, Powell has changed his tune more than once or twice; he said in November that he would pause rate cuts, yet he still proceeded with them. Ultimately, it still depends on the state of the U.S. economy. If it doesn't improve, they will still cut rates.
Therefore, the latter half of this month might be even more difficult to endure. If you are just starting to stake now, you need to be careful; it's even harder for those trading short contracts.
Of course, if you can't find a direction, feel free to click on attention to ask me.
