The Federal Reserve's Triple Blow at Dawn! Will the Crypto Survival Line Be Revealed?
At midnight on August 21, Beijing time, the global financial market will face a triple blow: the Federal Reserve's July meeting minutes, crude oil futures month-end operations, and multiple officials speaking collectively.
1. Federal Reserve Meeting Minutes: Interest Rate Cut Expectations Set the Stage
Although crypto assets have formed an independent market, global liquidity conditions will still transmit through channels such as the dollar index and risk appetite. The core conflict of this meeting's minutes lies in the officials' differences regarding interest rate cuts within the year.
Dovish Signal: If the majority of officials support interest rate cuts, it may indicate an improvement in the funding environment of traditional financial markets, indirectly benefiting crypto assets. For example, after the Federal Reserve slowed its tapering pace in March 2025, Bitcoin jumped over 5% to break through $85,000.
