The Federal Reserve slows down QT pace, countdown to Trump's tariff policy, this week's PCE data may become a key turning point for the market, can Bitcoin and other digital assets continue to rise? Recently, the economic situation has been really hard to grasp! Last week, the Federal Reserve released dovish signals, saying they would slow down the pace of quantitative tightening in April. At the same time, Trump's reciprocal tariff policy has also entered the final countdown, with April 2 being the key date. Last Friday, Trump said he would remain flexible, which slightly eased market sentiment, but he is still uncertain about how his trade policy will change, filled with uncertainty. This week, the most watched event is the U.S. February PCE data to be released this Friday, it feels like the market is holding its breath, just waiting to see what impact this data will bring.
Looking at the asset market, since the official launch of the spot Bitcoin ETF in January 2024, the performance of different assets has been vastly different. Bitcoin's performance has been remarkable! Although there was a significant drop in the entire first quarter, the total return rate actually reached 99%, who would have thought! Gold, which has always been regarded as the first choice for risk aversion and preservation of value, has also been reaching new highs recently, but its increase is only about 47%, which pales in comparison to Bitcoin. Does this mean that traditional safe-haven assets are slowly being replaced by some digital assets? As for the S&P 500 and Nasdaq, their performances have been average, rising about 18.8% and 17% respectively. Ethereum has had a tough time, recently falling below the realization price line, leaving many holders in a loss position.
I have recently been following the cryptocurrency summit, where the head of Black Rock's digital asset department mentioned that the market performance of their launched spot Ethereum ETF exceeded expectations, even though it currently does not have a staking function. I was thinking, if in the future regulation allows the introduction of a staking function, it could enhance investors' returns and make this product more attractive, perhaps this could really become a potential catalyst for the Ethereum market!#ETF关注 Trump: I love $TRUMP#美SEC澄清PoW挖矿监管立场
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
