Waking up to find that the US stock market is continuing to rise before the opening, and the increase is quite good. Bitcoin has also temporarily broken through $93,000, proving that there are indeed positive stimuli. First, Trump expressed at the inauguration ceremony of SEC Chairman Paul Atkins that he has no intention of firing Powell, which is all speculation from the media. Secondly, he indicated that tariffs on China will be significantly reduced and that he will not take a hardline approach.
As a friend said, the only one who can defeat Trump is the Trump of the next day. Currently, S&P and Nasdaq futures are up about 1.5%, and long-term US Treasury yields have started to decline. The market is gradually becoming optimistic, but we still need to pay attention to the GDP data at the end of the month.
PS: The premium for CME BTC futures has exceeded $750 over spot, indicating that investors are very optimistic about Bitcoin.
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