Bitcoin’s shock crisis! Will the plunge come at any time? When will the spring of the market come again?

At 22:00 tonight, Federal Reserve Chairman Powell will be questioned by members of the House of Representatives. Although his speech yesterday did not specify the timing of an interest rate cut, the subtle changes in his rhetoric have made the market full of expectations. Powell has always been known for his stability, but the current economic environment may prompt him to be more flexible in policy.

If he can reveal more clues about interest rate cuts tonight, the market is expected to usher in a wave of positive reactions. At the same time, Trump will give a speech at the 2024 Bitcoin Conference, which is also exciting news. As a representative of cryptocurrency, Bitcoin's market performance is closely related to the policy environment.

Trump’s Speech Conference Jinqu/n Chiwei ❤️: btc0877 has an important impact on the market, especially when the cryptocurrency market needs more confidence and direction guidance.

Latest data shows trading volumes for the seven largest Bitcoin ETFs rose significantly in July. Specifically, the average daily trading volume from July 1 to 3 was US$1.24 billion, while the average daily trading volume from July 4 to 10 reached US$2.13 billion, an increase of 72%.

This shows that market interest and demand for Bitcoin is growing rapidly. The trading volume of Bitcoin ETF has increased significantly, indicating that more and more players are beginning to pay attention to this investment tool. Both institutional players and individual players are actively participating, driving the increase in transaction volume. #美国CPI数据即将公布 #美联储何时降息？ #BTC☀