The Fed "drops the bomb" and the cryptocurrency market bleeds!!!
Last night was indeed a "hot" night for the entire crypto market. The constant news from the Fed caused many people to lose their accounts, especially those who went long with high leverage without setting stop losses. In the last hour alone, leveraged orders worth $300 million were liquidated - this is a terrible number!
Important news from the Federal Reserve last night:
Fed Chairman Powell emphasized that the Federal Reserve is "not allowed to hold Bitcoin" and whether the US government should hold Bitcoin will be decided by Congress. But the Federal Reserve has no intention of holding any Bitcoin.
Although interest rates have been lowered, the Federal Reserve will continue to reduce the number of public bonds and tighten the money supply.
Powell predicts that 2025 will be a very good year for the economy and we have avoided a recession.
The crypto market completely panicked and sold out last night, and all altcoins suffered losses. Those who hold cryptocurrencies may look at their accounts this morning and are too sad to speak. But the hardest ones are those who play with leverage - if you don't stop loss, you will "lose your entire account."
But hey! Those of you holding dollars (cash) may smile casually, take a sip of water, and look at the chaotic market: "The market crashed? It doesn't matter, I still have money, don't worry!"
However, in the storm last night, there is still a bright spot:
The Chairman of the Federal Reserve believes that 2025 will be a year of economic prosperity.
Believe everything you need to believe:
There is still a great chance that the market will experience a strong upward trend next year. For those who are afraid, cutting losses to preserve dollars is also a safe solution. But if you still believe that there will be a boom in 2025 - the year of economic recovery and the "Trump effect" - then don't worry. Today's bottom will be tomorrow's top, and your patience will be rewarded.
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