Two things currently attracting market attention: first, will there be a rate cut, and second, who will succeed Powell?
Recent data shows that tariffs are impacting inflation, and the job market is also slowing down, leading many to believe that the Federal Reserve may cut rates by 25 basis points next month. Additionally, Trump has been pressuring for a rate cut and is looking for someone to replace Powell, as Powell's term ends next May.
The speeches and policy expectations of such important figures will definitely impact the cryptocurrency market, and market volatility is likely to increase, so we need to pay attention to subsequent developments.
Another thing to note is that BTC options worth $3.82 billion and ETH options worth $950 million are expiring today, with BTC's maximum pain point at $118,000 and ETH at $4,250. This may also bring volatility to the market and is worth monitoring.
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