As the cryptocurrency market continues to expand, several factors will influence the sustainability of the current upward trend. Firstly, the direction of the Federal Reserve's monetary policy is crucial. If inflation resurges and leads to a tightening of monetary policy, it could pose a significant obstacle to market gains. Additionally, the implementation of...
As the cryptocurrency market continues to expand, several factors will influence the sustainability of the current upward trend. Firstly, the direction of the Federal Reserve's monetary policy is crucial. If inflation resurges and leads to a tightening of monetary policy, it could pose a significant obstacle to market gains. Additionally, the implementation of...
Last week, Trump defeated Democratic candidate Harris on Wednesday to win the 2024 U.S. presidential election, following his promises of several supportive cryptocurrency initiatives that are expected to materialize. These include the dismissal of the Chair of the U.S. Securities and Exchange Commission (SEC), the establishment of a strategic BTC reserve to hold...
Last week, Trump defeated Democratic candidate Harris on Wednesday to win the 2024 U.S. presidential election, following his promises of several supportive cryptocurrency initiatives that are expected to materialize. These include the dismissal of the Chair of the U.S. Securities and Exchange Commission (SEC), the establishment of a strategic BTC reserve to hold...
Last Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of ETH surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable. Currently, the differing...
Last Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of BTC surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable. Currently, the outcome of...
The recent initiation of a new round of interest rate cuts by major Western central banks, coupled with China's extensive monetary and fiscal stimulus, may serve as key catalysts for the recent surge in Bitcoin (BTC) prices. Additionally, the continued significant net inflow into BTC exchange-traded products (ETPs) indicates a persistent influx of traditional...
The recent initiation of a new round of interest rate cuts by major Western central banks, coupled with China's extensive monetary and fiscal stimulus, may serve as key catalysts for the recent surge in Bitcoin (BTC) prices. Additionally, the continued significant net inflow into BTC exchange-traded products (ETPs) indicates a persistent influx of traditional...
The CME interest rate swap market predicts that the FOMC will likely cut rates by 25 basis points in November. This means that after a 50 basis point cut, the Federal Reserve will loosen its monetary policy. This is not favorable for risk assets, including BTC. In the past two weeks, BTC ETFs have seen significant net inflows, indicating that after the shift in...
The CME interest rate swap market predicts that the FOMC will likely cut rates by 25 basis points in November. This means that after a 50 basis point cut, the Federal Reserve will loosen its monetary policy. This is not favorable for risk assets, including BTC. In the past two weeks, BTC ETFs have seen significant net inflows, indicating that after the shift in...
Last week, the U.S. CPI data for September was released. Although the CPI figure was higher than expected, it was still lower than the previous value. We believe that once the Federal Reserve enters a rate-cutting cycle, as long as the CPI data does not significantly deviate from expectations, the market will not price in a recession or an inflation rebound. It...
Last week, the U.S. CPI data for September was released. Although the CPI figure was higher than expected, it was still lower than the previous value. We believe that once the Federal Reserve enters a rate-cutting cycle, as long as the CPI data does not deviate significantly from expectations, the market will not price in a recession or an inflation rebound. It...
After the Federal Reserve cut interest rates, the Asia-Pacific markets, especially the Chinese stock market, experienced a strong rebound. On one hand, following U.S. restrictions on China in the import and export sectors, the Chinese stock market has underperformed relative to the Nikkei and the Mumbai Index. On the other hand, the Chinese government recently...
After the Federal Reserve cut interest rates, the Asia-Pacific markets, especially the Chinese stock market, experienced a strong rebound. On one hand, due to U.S. restrictions on China in the import and export sector, the Chinese stock market has underperformed relative to the Nikkei and the Mumbai Index. On the other hand, the Chinese government recently...
Last week, the Federal Reserve kicked off the rate-cutting era with a hawkish 50 basis point cut. Although the CME had previously predicted a high probability of a 50bp rate cut, the fact that only one committee member voted for a 25bp cut while all others opted for 50bp was beyond market expectations. Following the announcement, almost all financial assets,...
Last week, the Federal Reserve kicked off the rate-cutting era with a hawkish 50 basis point cut. Although the CME had previously predicted a high probability of a 50bp rate cut, the fact that only one committee member voted for a 25bp cut while all others opted for 50bp was beyond market expectations. Following the announcement, almost all financial assets,...
Last Friday, employment data was released, showing that the unemployment rate dropped from 4.3% to 4.2%. Although non-farm payrolls (NFP) increased, they still fell short of expectations. BTC initially rose upon the release of the data but quickly reversed course and turned negative. The U.S. stock market also opened lower, signaling that as the labor market...
Last Friday, employment data was released, showing that the unemployment rate dropped from 4.3% to 4.2%. Although non-farm payrolls (NFP) increased, they still fell short of expectations. BTC initially rose upon the release of the data but quickly reversed course and turned negative. The U.S. stock market also opened lower, signaling that as the labor market...