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The storm in the cryptocurrency world is about to begin! The shocking moment after no interest rate cut on May 7

😱Dear friends, a breathtaking storm in the financial world is roaring towards us! On May 7, the Federal Reserve's decision day surprisingly did not cut interest rates! This decisive action instantly caused an uproar in the cryptocurrency market; will it be a catastrophic collapse or a rocket-like surge? Everyone is wide-eyed, closely watching market trends.

Meeting Storm

From May 6 to 7, the highly anticipated FOMC meeting is being held. The market was originally filled with various speculations and rumors, as everyone eagerly awaited the dawn of an interest rate cut, but the Federal Reserve was adamant, keeping the interest rate unchanged in the range of 4.25% - 4.50%. Trump was beside himself, constantly pressuring the Federal Reserve to cut rates, but unfortunately, this time the Federal Reserve did not budge. Moreover, the Federal Reserve's headquarters spent $2.5 billion on renovations, which has also been thrust into the spotlight of public opinion, with Musk even jumping in to denounce it as luxurious waste, leading to endless controversy.

Economic Signal Fog

Looking at the economic data, it is also shrouded in fog. The yield on the 2-year Treasury bond is surprisingly below the benchmark, which is not a reassuring signal. The employment data for April showed only an increase of 133,000 jobs, indicating that the labor market is clearly cooling down. This series of data suggests that the economy might be lacking momentum. The market is pondering whether the Federal Reserve will change its mind to cut rates this year due to economic slowdown?

The Night Before Cryptocurrency Turbulence

While Trump is going all out attacking Powell, the Federal Reserve is still firmly adhering to its data-driven strategy. This May 7 decision is like a giant rock thrown into a lake, inevitably causing ripples in the market. For us in the cryptocurrency world, we have reached a crucial crossroads for rises and falls. Cryptographic assets are like athletes poised to launch, waiting for the sound of the market's starting gun. Fellow cryptocurrency enthusiasts, be sure to closely monitor employment and inflation data; there may be hidden wealth codes within, and seizing the opportunity might just allow you to overtake on a curve!