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
Wall Street Analyst Warning: This Year's "Santa Claus Rally" May Be Absent as Investors Buy More Downside Protection
The market is widely betting that Haslet will be elected the new Federal Reserve chair.
Yearn: yETH Vault Exploited in a Sophisticated Attack, Event Similar to Previous Balancer Incident
The Wise Investor invested $179,800 in PIPPIN one month ago, and now has an unrealized gain of $1,350,000.
「HYPE Listing Insider Whale」's 5x HYPE Long Position is currently at a $10.87 million unrealized loss
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]