The Fed is still the same old gang; they say they want to ease, but they are holding onto interest rates tightly. Powell's remarks on Capitol Hill doused the flames for a rate cut in July with a bucket of cold water. President Trump shouts for rate cuts every day, but the Fed hardly takes it seriously. The market is now betting on a rate cut in December, but only a slight cut for the whole year, 25 basis points, which is hardly enough to fill the gaps. If you ask me, this isn't a substantial shift; it's clearly just feeding the economy a placebo to prevent risks, so don't expect a flood of liquidity.

This wave is playing seesaw with the dollar index; the more the Fed holds off on rate cuts, the stronger the dollar gets. Can Bitcoin surge in the short term? Difficult! After all, the crypto market has this tendency; any slight disturbance leads to a drop as a precaution. This bit of precautionary easing from the Fed isn't enough to prolong Bitcoin's life.

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