DaoGovernanceOfficer
There was an interesting phenomenon in the Asian session this morning - Bitcoin quietly climbed to around $92,000, but the stock market collectively shrank back.
The reason is not complicated: everyone is waiting for the Fed's action tonight. The market generally expects this to be the last rate cut this year, but what is really nervous is the follow-up statement. If the Fed releases a hawkish signal, it means that liquidity may tighten next year, which is not good news for risk assets.
Asian markets have reacted in advance. Bitcoin edged higher, traditional stock markets watched cautiously, a
The reason is not complicated: everyone is waiting for the Fed's action tonight. The market generally expects this to be the last rate cut this year, but what is really nervous is the follow-up statement. If the Fed releases a hawkish signal, it means that liquidity may tighten next year, which is not good news for risk assets.
Asian markets have reacted in advance. Bitcoin edged higher, traditional stock markets watched cautiously, a
BTC2.46%