The Cryptocurrency World is About to Change! The Shocking Moment After No Rate Cut on May 7

😱Dear friends, a tremendous storm in the financial world is roaring in! On May 7, the Federal Reserve's decision day, there was actually no rate cut! This decisive moment instantly blew up the cryptocurrency market; will it collapse like an avalanche, or soar like a rocket? Everyone is wide-eyed, closely watching the market trends.

Meeting Turmoil

On May 6 - 7, the highly anticipated FOMC meeting was held. The market was originally filled with various speculations and rumors, and everyone was eagerly waiting for the dawn of a rate cut, but the Federal Reserve was determined, keeping the interest rate firmly in the 4.25% - 4.50% range. Trump was beside himself, constantly pressuring the Federal Reserve to cut rates, but unfortunately, this time the Federal Reserve didn't budge. Moreover, the Federal Reserve headquarters spending $2.5 billion on renovations has also become a subject of public debate, with Musk unable to hold back from criticizing it as luxurious waste, leading to endless controversy.

Economic Signal Fog

From the economic data perspective, there is also a heavy fog. The 2-year Treasury yield is surprisingly below the benchmark line, which is not a reassuring signal. The April employment data showed only 133,000 new jobs, and the labor market is clearly cooling down; this series of data suggests that the economy may be lacking momentum. The market is pondering whether the Federal Reserve will change its mind and cut rates this year due to the slowing economy?

Pre-Storm in the Cryptocurrency Market

On Trump's side, he is firing all cylinders attacking Powell, but the Federal Reserve remains steadfast in its data-driven strategy. This decision on May 7 is like a giant stone thrown into a lake, inevitably creating ripples in the market. For our cryptocurrency world, we have reached a critical crossroads of rise and fall. Cryptocurrency assets are like athletes ready to sprint, just waiting for the market’s gunshot. Fellow crypto friends, you must closely monitor employment and inflation data; there might be hidden wealth secrets among them. Seize the opportunity, and you might just achieve a breakthrough!💥#加密市场反弹