#BTCtrade
In light of the Federal Reserve's "hawkish" tone to keep interest rates unchanged, why did the cryptocurrency market "ignore" the hawkish warnings and rise sharply, with Bitcoin reaching the 10W mark and Ether testing the 2000 mark? Multiple factors are intertwining behind this to reshape the market structure. On the expectations front, the market has fully absorbed the "short-term interest rate cut", with futures contracts for interest rates on the Chicago Mercantile Exchange showing an 85% chance of a rate cut in July, and strong expectations for two rate cuts this year. Loose expectations under the "hawkish appearance" support the continued rise of risk assets. Trump's lifting of restrictions on artificial intelligence technology immediately ignited enthusiasm for tech stocks. Leading stocks like Nvidia drove the gains, leading to a rise in the valuation of the tech sector and attracting large inflows of capital. The hot market for tech stocks has revived risk appetite in the market, and Bitcoin, which possesses the dual attributes of "digital gold" and "technological assets", has become a target for capital chasing. The resumption of trade talks between the United States and China is also a key variable. Markets are focused on Trump's speech and are looking for progress on trade issues. Historically
