Sudden plunge late at night! The Fed "hawkish"

Last night, the crypto circle ushered in a collective correction, Bitcoin fell more than 1.3% to around $69,000, and mainstream currencies such as Ethereum and Solona Dogecoin all experienced a certain degree of correction. What happened?

All this may be related to the "hawkish" Fed meeting minutes. The latest meeting minutes released by the Fed show that it may take longer to cut interest rates. Many officials are open to raising interest rates in the face of rising inflation, and even many decision makers intend to raise interest rates further once inflation risks rekindle.

Now the Fed's attitude is really a "Damos sword" hanging over the head of the currency circle. Once there is a hawkish speech, it will fall to show you, but all this is also normal. The speculation of currency and stock speculation is speculation of expectations. I am not afraid that you are not good now, but I am afraid that you will not get better in the future.

Mengge believes that there is no need to panic too much. In fact, there was not only bad news last night, but also good news. The US House of Representatives passed the FIT21 Act. The full name of this bill is the "21st Century Financial Innovation and Technology Act". A big highlight of this bill is that it defines which agency is qualified to regulate cryptocurrencies, that is, the Commodity Futures Trading Commission (CFTC), not the SEC!

In addition, the application results of the Ethereum ETF will also be announced at 11:59 am on May 25th, Beijing time. If it is passed, the funds will attract a large amount of capital inflows like Bitcoin.

The bull market has come, there is no doubt about this. What we have to do is to hold the currency and keep a calm mind, reduce leverage, and try to hoard more spot when there is a callback.

#5月市场关键事件 #以太坊ETF批准预期 $BTC $ETH

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