Just now! Trump announced victory in the election, however, there is one important thing that many people overlook after the election! #BabyMarvin合约址f9c7
Today's biggest event is the US election, Bitcoin directly broke its new high, surpassing 75,000 USD, and the 24-hour trading volume broke 80 billion USD.
From 8 AM on November 6, it started at 69,000, and by around 10 AM, it broke 75,000, rising 6,000 points within 2 hours, with a 10% increase for the day. Ethereum rose directly from 2,422 to 2,590, also surging 6%.
It can be said that Trump's victory is very favorable 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, will establish a Bitcoin strategic reserve, will no longer sell Bitcoin, and will set up a special task force responsible for cryptocurrency policy.
2) The rate cut will be stronger. Trump may choose the next leader of the Federal Reserve, he often criticized Fed Chairman Powell during his term and pushed the central bank to act according to his ideas, even hinting at negative interest rates.
In addition, in the options market, traders are concentrated on betting near the execution price of Bitcoin at 80,000 USD, with strong short-term bullish options sales. This indicates that traders are preparing for possible price movements and are paying attention to the target price of 80,000 USD.
After the election, there is another thing worth noting! That is 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 Federal Reserve's meeting has been postponed by one day. Investors expect Fed Chairman Powell to lower interest rates by 25 basis points this week to continue the rate cut plan. Goldman Sachs' chief economist predicts that the Fed will cut rates four times in the first half of 2025, with the final rate falling to 3.25%-3.5%.
Will Meme produce golden dogs?
Elon Musk once shouted about BabyDoge, 500 million USD; the dog Floki raised by Elon Musk, 1.5 billion USD; Doge supported by Elon Musk, 20 billion USD… Elon Musk also has a dog named Marvin #BabyMarvinf9c7值🉐拥有🈶 , following the surname of Old Ma, the biggest golden dog of the year is none other than him $BTC $ETH
