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Gold and silver crash across the board! The Federal Reserve's hawkish stance takes effect, and a new round of adjustments in the crypto market is coming

Recently, the global commodities market experienced a sharp plunge, with gold and silver falling significantly. The core reason behind this is the hawkish signals unexpectedly released during the Federal Reserve's interest rate meeting on the 18th. This macroeconomic storm will also directly transmit to the entire cryptocurrency market, and short-term risks should not be ignored.

The Federal Reserve maintained the interest rate range unchanged, but the latest economic forecasts significantly raised expectations for rate hikes this year, completely dispelling the market's hopes for rate cuts within the year. After the policy implementation, U.S. Treasury yields rapidly rose, the dollar index rebounded strongly, and liquidity in high-risk global assets quickly tightened. Gold futures fell by over 3.5%, silver futures plummeted by more than 6.5%, and traditional safe-haven assets collectively collapsed, demonstrating the intensity of this round of monetary policy tightening.

For the crypto market, digital assets are high-risk growth products, far more sensitive to dollar liquidity than traditional assets. Historical patterns clearly show that during periods of high interest rates and monetary tightening by the Federal Reserve, market funds tend to flow into risk-free U.S. Treasury assets first, continuously withdrawing from stocks, commodities, and cryptocurrencies. Currently, market risk aversion has sharply cooled, risk appetite has rapidly contracted, leading to pressure on mainstream cryptocurrencies and more concentrated selling pressure on small and mid-cap altcoins.

Market sentiment has now shifted to cautious defense, with bullish funds actively retreating, and an increase in long positions being closed in the derivatives market. The probability of sideways decline in the market has greatly increased. In the short term, there is no liquidity easing benefit; all rebounds are mainly oversold recoveries, so do not blindly chase the market.

Overall, this hawkish turn by the Federal Reserve has reshaped the market rhythm for the second half of the year. The sharp decline in gold and silver is just the beginning, and the crypto market will enter a phase of oscillation and consolidation. It is recommended to adopt a wait-and-see approach and focus on shorting, strictly controlling position risks, and patiently waiting for macro sentiment stabilization and liquidity recovery signals.