Last night, Powell hinted during his speech that despite the ongoing risks of rising inflation, the Federal Reserve may still cut interest rates in the coming months.
Stimulated by this statement from Powell, global assets surged dramatically. Stocks across the board saw significant gains on Friday, with the Dow Jones rising 1.89% to set a new historical high, the Nasdaq rising 1.88%, and the S&P 500 index increasing by 1.52%.
Large tech stocks saw widespread increases, with Tesla up over 6%, Google A up 3.17%, Amazon up 3.10%, Meta up 2.12%, Nvidia up 1.72%, Apple up 1.27%, and Microsoft up 0.59%.
The cryptocurrency market was no exception, experiencing a broad surge as Bitcoin, Ethereum, and several altcoins saw significant increases. Those who profit continue to benefit, while those who are liquidated face dire situations. In the past 24 hours, nearly 175,000 people across the network have been liquidated, totaling 740 million being wiped out. This includes 390 million in Ethereum, which accounts for half of the total, 110 million in Bitcoin, and 35 million in SOL. Currently, those celebrating the weekend are happy, while those in despair are worried, but it doesn't matter; what the market lacks the least is opportunity, and everyone understands that.
