Today is Monday, a new week begins, and it’s already the end of October! The Americans are about to hold elections! Let’s start with a summary and a simple analysis.

First of all, rumors about the Federal Reserve possibly implementing a rate cut at the FOMC meeting in November are gradually spreading, and the cryptocurrency market is getting excited. Sources have revealed that the Federal Reserve

may hold an FOMC meeting two days after the presidential election on November 7 to directly announce a rate cut, which would be a significant move. Moreover, the PPI data for September was lower than expected, and the inflation crisis has temporarily eased, leading to a 97.7% probability of a 0.25% rate cut being speculated in the market. Indeed, money flows where the wind blows.

The expectation of a rate cut has already triggered a surge in the cryptocurrency market, and it seems that this game of bulls and bears has just begun.

Speaking of the U.S. elections, one must mention that the 2024 U.S. elections are indeed the 'annual drama' for global spectators. Currently, Trump's chances of being elected exceed those of Harris. However, until it is finalized, there is still uncertainty! That said, the outcome of the election is indeed a lever that can move the market. Future fiscal, trade, and even monetary policies may follow the Versailles-style maneuvers of the new president. Economic trends? That depends on whether this new top figure can hold the stage and bring new surprises.

As planned, the voting date for the 2024 U.S. elections is set for November 5, which translates to noon on the 6th in Beijing time, so we can expect the results to be out by then. Whether it’s Harris or Trump being elected, it’s still a short-term trend for Bitcoin, and the impact will also be short-lived!