$BTC Cryptocurrency has plummeted across the board. Powell's consistent belief has been that lowering interest rates leads to inflation. This time he proactively apologized for the mistake and acknowledged that the current economic framework shows inflation levels lower than they actually are, indicating the need to reform the entire review framework. Therefore, everyone basically shouldn't expect interest rate cuts anymore! The overall trend is downward, and if the main players can't hold the market, a big waterfall is imminent!

As for short-term good news, the EU is about to negotiate cooperation with the U.S. Department of Commerce. Regardless of success or failure, it will create opportunities for an increase, so everyone should pay close attention.