1. The White House crypto summit has concluded, and all the favorable news was announced before the summit. Trump's remarks during the live broadcast were relatively brief, and he did not mention new policies or new content; the speeches from summit participants were mostly "platitudes."
$BTC subsequently fell by 3% ten minutes after the summit, hitting a low of 85,000.
The two major favorable factors anticipated in the crypto space: reserves and interest rate cuts, have seen one realized, but it has not significantly boosted the crypto market, making the outlook more challenging.
2. The unemployment rate for February, announced yesterday, had a forecast of 4%, with an actual rate of 4.1%, indicating an increase in unemployment, which favors interest rate cuts; the seasonally adjusted non-farm payrolls were expected at 160,000, with an actual figure of 151,000, indicating a decline in employment, which also favors interest rate cuts.
However, the positive implications of both data points are relatively weak, and the market is revising expectations for an interest rate cut beginning in June, with a total of 75 basis points for the year. The interest rate cut will also depend on the dot plot released by the Federal Reserve next week.
3. Last night, Federal Reserve Chair Powell spoke: there is no hurry to cut interest rates until the effects of Trump's policies become clearer.
Powell stated that the economy "continues to be in good shape," but the data also indicates that consumer spending may slow down. #白宫首届加密货币峰会
$BTC subsequently fell by 3% ten minutes after the summit, hitting a low of 85,000.
The two major favorable factors anticipated in the crypto space: reserves and interest rate cuts, have seen one realized, but it has not significantly boosted the crypto market, making the outlook more challenging.
2. The unemployment rate for February, announced yesterday, had a forecast of 4%, with an actual rate of 4.1%, indicating an increase in unemployment, which favors interest rate cuts; the seasonally adjusted non-farm payrolls were expected at 160,000, with an actual figure of 151,000, indicating a decline in employment, which also favors interest rate cuts.
However, the positive implications of both data points are relatively weak, and the market is revising expectations for an interest rate cut beginning in June, with a total of 75 basis points for the year. The interest rate cut will also depend on the dot plot released by the Federal Reserve next week.
3. Last night, Federal Reserve Chair Powell spoke: there is no hurry to cut interest rates until the effects of Trump's policies become clearer.
Powell stated that the economy "continues to be in good shape," but the data also indicates that consumer spending may slow down. #白宫首届加密货币峰会