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Last week, there was a panic sell-off. On Thursday, during the Federal Reserve's interest rate meeting, Trump visited Powell in advance, and not only was there no interest rate cut, but the probability of a rate cut in September actually decreased! On Friday, Trump struck back fiercely, revealing that non-farm data and unemployment rates were falsified, leading to the immediate dismissal of the Labor Secretary by Trump, and a Federal Reserve Board member resigned. The probability of a rate cut in September rose back to 80%! This week, Trump will appoint a new Labor Secretary and a new Federal Reserve Board member, who could possibly be the next Federal Reserve Chair. Trump is now launching a full-scale attack; he is a strong supporter of interest rate cuts! Whether this dictatorial approach will ultimately collapse remains to be seen; time will provide the answer! In the early stages of implementation, the market will definitely be prosperous, but what drawbacks will appear later is something we will only know in the future!
For the crypto market, this is definitely a big positive. Trump made his fortune through crypto in this round of presidency! I think Trump has been a very impressive president in the six months since he took office!
Last Friday, the largest single-day sell-off of Bitcoin ETF saw 7,000 Bitcoins sold, amounting to 800 million USD! This is also a historic sell-off for ETFs. The specific reason was mentioned at the beginning, as Trump and Powell took action, marking the end of a historic level of panic and the beginning of a new phase!
In simple terms, Trump's presidential career hasn't truly begun yet; he is currently clearing out the influence of the former president. When Trump takes bold actions, that will be the time when the market explodes, and everything in the crypto world has just begun! #加密市场反弹# #加密项目计划#