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
Lawyer's Interpretation of the "1128" Regulation Policy: Focus on Regulating Activities Using Stablecoins for Illegal Foreign Exchange交
ShieldWall: In November, there were approximately 15 major crypto hacking incidents, with a total loss exceeding $190 million.
Arthur Hayes on Today's Plunge: Bank of Japan Hints at Rate Hike
Grvt GLP Strategy Reopened, Fund Cap Increased to $7.5 Million
An whale has deposited an additional 1.5 million USDC to avoid the liquidation of a 10x leveraged position in ZEC. The unrealized loss on the position has now reached 4.28 million USD.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]