Trump Live Tonight, Should the Crypto Market Buckle Up?
According to the latest news, former US President Trump will be a guest on CNBC's 'Squawk Box' tonight at 8:00 PM, discussing key topics such as the economy, employment, the Federal Reserve, tariffs, and more. Although this is a discussion in the traditional financial circle, it may also have a significant impact on the crypto market, mainly in three aspects:
1. Changes in Federal Reserve Expectations Affecting Liquidity
If Trump expresses criticism of the Federal Reserve or dovish statements, such as mentioning 'interest rates are too high' or 'it should lower rates', the market may quickly associate this with the dollar, US Treasuries, and capital flows, which could also affect the crypto market.
2. Volatility in US Stocks Influences the Crypto Market
Trump's remarks have always had a noticeable impact on Wall Street, especially in the context of an approaching election. If it stirs risk-averse sentiments, volatility in US stocks may lead to fluctuations in the crypto market's sentiment.
3. Political Stance May Affect Regulatory Expectations
Although he has previously expressed skepticism towards Bitcoin, his recent attitude has shifted, accepting NFTs and crypto donations. If he sends signals supporting crypto or criticizing the SEC tonight, it may trigger short-term market fluctuations.
Even if he doesn't directly discuss cryptocurrencies, as long as he mentions the dollar, interest rates, or regulation, the crypto market could 'stir up waves' unexpectedly. It is recommended that investors pay attention to the live broadcast at 8 PM tonight and be prepared for sudden market changes.