US Treasury Secretary Besant said he does not support the issuance of digital currency by the Federal Reserve. "It is difficult to know when the market will oppose our debt. We are working hard to control the absolute level of debt and promote GDP growth, agreeing with Yellen's view that the ratio of debt to GDP is the key."
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US Treasury Secretary: I do not support the Federal Reserve issuing digital currency
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EMC Labs ·
Interest rate cut expectations are priced in at 75 basis points this year; BTC rises 3.77% this week; Altseason proceeds smoothly.
The market may experience fluctuations after next week's interest rate cut, but this will not change the medium- to long-term positive outlook.
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How to cope with the BTC cycle under the heavy pressure of the cyclical "curse"? (October 13-19)
With the US-China trade war easing, BTC has once again fallen to the bull-bear dividing line, and the cyclical pattern is driving clear signs of a "top".
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Multiple positive factors have combined to temporarily stabilize BTC, but the predicament remains unresolved (October 20-26).
Risk appetite has not yet improved, and funding in the crypto market remains extremely tight.
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Passion is being curbed, and BTC is showing signs of a "bear market reversal".
With the resumption of interest rate cuts, BTC initiated a new round of gains, but the turmoil caused by the "reciprocal tariff war" black swan event stifled market enthusiasm, and "cyclical"
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EMC Labs ·
BTC has fallen to its technical limit, and the bull market is hanging by a thread (November 3-9).
The answer will be given within the next 1-2 weeks.
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EMC Labs ·
The Fed's hawkish stance triggered panic selling, pushing BTC into a technical bear market (November 10-17).
On the daily chart, the "bull-bear reversal" has been confirmed.
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Beset by internal and external troubles, BTC has experienced a catastrophic crash, and a December interest rate cut may be the only turning point (November 17-23).
This week saw the largest loss since the beginning of the period, with the price of BTC remaining below the 360-day moving average for two consecutive weeks.
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Short- to medium-term liquidity changes, coupled with internal dynamics, drove BTC to its second-largest monthly drop in this cycle in November.
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With the liquidity crisis resolved, BTC has entered a weak equilibrium, and the return of active buying power is key to breaking the deadlock (December 1st to December 7th).
A US rate cut in December is a foregone conclusion, but the "bear market crisis" for BTC is far from a liquidity test.
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Supported by interest rate cuts and pressured by earnings reports, BTC continues to fluctuate within a narrow range (December 8th to December 14th).
BTC continues to move in tandem with the Nasdaq, awaiting the release of November's CPI and non-farm payroll data next week, as well as the impact of Japan's interest rate hike.
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