Today's panic index is 74, still in a state of greed.
Today's rise is mainly due to market expectations that the U.S. House of Representatives will pass the previously rejected three major cryptocurrency bills, which were ultimately re-voted on in the early morning and then approved for review. Last night, there were rumors that Trump was preparing to fire Powell; although Trump soon denied it, it caused a brief drop in U.S. stocks and a sell-off of U.S. long-term bonds. In fact, Trump currently has no way to directly fire Powell, so this news was clearly released to test market reactions. If Powell steps down for some reason in the near future, the market reaction would be similar to last night's state.
Ethereum has begun to strengthen, cherish the quality assets in hand. Bitcoin at 150,000, Ethereum at 5,000 is the minimum target.
