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Recently, the U.S. Treasury Secretary made a striking statement indicating that the Fed is likely to implement a significant rate cut of 50 basis points. This remark immediately sparked widespread discussion in the financial markets. Meanwhile, Trump did not back down, announcing three new candidates for the Fed Chair, further increasing uncertainty in the market.
These trends have sparked significant attention from investors towards multiple cryptocurrencies, including SUI, SOL, FUN, Bitcoin, and Ethereum. Market analysts believe that these policy changes could have a substantial impact on the cryptocurrency market.
Interestingly, some investment strategies are starting to lean towards increasing their holdings of Bitcoin, possibly because it is viewed as a tool for hedging against inflation. At the same time, institutional investors seem to have shown a strong interest in Ethereum, buying up large amounts of the cryptocurrency.
In addition, the upcoming CPI (Consumer Price Index) data has also become a focal point of close market attention. This data may influence the Fed's decisions, thereby affecting the direction of the entire financial market.
Overall, the remarks of the U.S. Treasury Secretary, Trump's new actions, and the upcoming economic data together paint a complex economic picture. Investors are closely monitoring these developments to adjust their investment strategies.