Non-U.S. currencies rose in the short term, with GBP/USD rising nearly 50 points to 1.2488, and EUR/USD rising 35 points to 1.0993.

The rise in the exchange rate of non-U.S. currencies against the U.S. dollar seems to mean that traders are betting that the Fed's interest rate hike cycle will end before the cycles of Europe and the pound. After a year of declines, there have been recent rebounds!

Under the impact of First Republic Bank and Westpac United Bank's decision to raise interest rates at 2:00 a.m. on the 4th of this month, the market no longer seems to believe the Fed's so-called controllable remarks. The market's reaction tells us that this wave of banking crisis It's far from over! #BTC #crypto2023 #币安sensei