The recent fluctuations of cryptocurrencies such as #MSCI未排除数字资产财库企业纳入范围 , $BIFI, $FXS, and $BNB are closely related to macroeconomic factors. Rogier Quadeflihe, Chief Economist at the Dutch Bank, recently proposed an interesting view — the investigation currently facing Federal Reserve Chair Jerome Powell could become a variable affecting the short-term interest rate cut outlook.

Specifically, this investigation involves cost overruns in the renovation project at the Federal Reserve headquarters. While it appears to be an administrative matter, during this sensitive period, it could divert the attention of decision-makers, potentially causing delays in the interest rate cut timetable. For the crypto market, changes in interest rate cut expectations often trigger chain reactions — investors’ adjustments to liquidity expectations directly impact allocations to risk assets.

From a trading perspective, such policy uncertainties are precisely what market participants need to monitor closely. Any change in the outlook for rate cuts could trigger re-pricing across commodities, stocks, and crypto assets. This is also why recent discussions about whether MSCI will include digital asset treasury companies in its indices have attracted widespread attention from institutional investors.