The Federal Reserve hasn't taken action yet, but is BTC already collapsing? The expectation of interest rate hikes is the real big boss

There are many enemies in the crypto world.
Hackers count as one.
Liquidations count as one.
But the true big boss might still be the Federal Reserve.
Recently, the expectation of rate hikes has reignited, putting collective pressure on global risk assets.
So BTC led the plunge.
The reason is actually not complicated.
The higher the interest rate, the higher the cost of capital.
And high-volatility assets are naturally affected.
Simply put.
When you can comfortably earn returns by saving in a bank, some funds will naturally become cautious.
However, the interesting part of the market is that.
Expectations and reality are often not the same thing.
Many times.
When the rate hike actually happens, the market has already digested it in advance.
So the biggest suspense now is not whether to hike rates or not.
But whether the market has already reacted in advance.
If the answer is yes.
Then the current panic might actually mean that new opportunities are approaching. #Anthropic秘密递交IPO申请