#数字资产市场动态 The Federal Reserve's "9:3 split" logic behind the rate cut
The December Federal Reserve meeting was truly a "cacophony of voices"—while 9 votes supported a 25 basis point cut to 3.5%-3.75%, 3 votes were explicitly opposed, and among the 19 members, 6 completely rejected this move. Such a level of division is rare in Fed history, revealing fundamental disagreements among policymakers about the economic outlook.
The controversy's core is quite straightforward: one side is worried about a slowdown in employment and hopes that easing policies can support growth; the other side is highly cautious about inflation, fearing that the hard-won price stability might rebound. What’s truly concerning is that a 43-day government shutdown has completely cut off key data on employment and inflation, making this rate cut somewhat like navigating in the fog.
For the digital asset market, this is more than just a policy adjustment. The decline in real yields is pushing institutional funds toward the crypto space, and the liquidity implicitly released by the Fed will directly support this market. However, policy uncertainty definitely exists—$BTC has been oscillating between $70,000 and $90,000, and $ETH is searching for direction within the $2,400-$3,600 range.
Going forward, employment and inflation data will become the true "referees." The Fed’s next move will directly determine the valuation outlook for the crypto market. The current question is: will this split push $BTC above $90,000, or will it first retest the $70,000 support? Should institutions seize the opportunity to increase holdings of mainstream coins, or shift towards AI and other niche sectors to chase more aggressive returns?