📊｜Comrade Jianguo was attacked, BTC pulled up and fell?
🗒️On July 13, 2024, at a campaign rally in Pennsylvania, former US President Trump was shot and hit by a bullet in the upper part of his right ear. The gunman has been shot dead by the Secret Service, and the incident also resulted in the death of a rally participant. The incident has attracted widespread attention and has had an impact on US and global financial markets.
🔻Financial markets have fluctuated due to factors such as monetary policy uncertainty brought about by the 2024 US presidential election and expectations that the Federal Reserve may cut interest rates. After Trump was shot, the market demand for safe-haven assets increased, and the price of gold broke through the $2,400/ounce level, while the price of Bitcoin, sometimes called "digital gold", also broke through the $60,000 mark.
🔻In addition, data released by the US Department of Labor showed that the US CPI rose 3% year-on-year in June, a narrower increase of 0.3 percentage points from May; the CPI fell 0.1% month-on-month in June, the first month-on-month decline in the CPI since May 2020. Excluding the volatile food and energy prices, the core CPI rose 0.1% month-on-month and 3.3% year-on-year in June. The CPI data continued to fall, and the market's expectations for the Fed's September rate cut increased, and the financial market reacted strongly.
♦️Recent political events have made the market particularly sensitive to emergencies, and the Bitcoin market is sensitive to external events due to its high volatility and is easily affected by news and market changes. This causes Bitcoin's price fluctuations to exceed those of traditional assets when facing major news or economic data. This forces us to remain highly vigilant.
