10x Research: Market Turns Cautious on Fed's Future Rate Cut Expectation, Risk Asset Demand Suppressed
BlockBeats News, November 2nd, 10x Research published an article stating, "Bitcoin (BTC is currently below the 7-day moving average: bearish, below the 30-day moving average: bearish, with a +1.8% price increase over the past week) fell after a speech by a Federal Reserve official, as the market became more cautious about future rate cuts, suppressing demand for risk assets.
MicroStrategy reported its quarterly earnings, benefiting from its Bitcoin holdings, further strengthening institutional demand. The advancement of U.S. crypto legislation and ETF applications continues to support long-term bullish sentiment for Bitcoin.
In the macro environment and the power play of institutional funds, BTC fluctuates around $110,000, with price movement clearly influenced by policy and capital flows."
You may also like
Gainers
Latest Crypto News
Trump: Fed Chair Nominee Confirmed
Yearn Finance Suspected of Attack, Hacker Sends 1,000 ETH of Stolen Funds to Tornado Cash
Ethereum Falls Below $3,000, 24-hour Loss of 0.25%
This Week's Key Events & Data Preview: Powell Speech, US PCE, and ADP Nonfarm Payrolls
Entity: The AI sector is currently at a relatively low risk of overcrowding, with long-term opportunities still present
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]