The Federal Reserve represents Biden's side. If Jianguo says something again in a few days, he will go crazy again.
拾光月神
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A single statement from Powell causes a crash in the US stock market and crypto space! Bitcoin rebounds! The biggest opportunity in this crash is Doge, the logic behind USUAL's rise, rising over 40% against the trend, and the Alpha list is here again.
Sigh, something went wrong again. Can the crypto market still recover? Let’s take a look: A single statement from Powell caused the Nasdaq index to crash 3.61%, approaching the largest drop in recent years. Moreover, Powell's hawkish remarks do not stop there! He specifically criticized the crypto space, stating that the Federal Reserve cannot hold Bitcoin, which caused Bitcoin to drop by 5%. It's simply terrible.
This is a hard blow; no one can predict what he said. It’s truly a disaster. Not just retail investors, but even Wall Street can only brace for impact. The main reason for this crash is Powell stating that there won't be too many interest rate cuts next year, possibly just two cuts, leading various assets to decline.