Federal Reserve nominations set the tone for the cryptocurrency market? A quick look at the impact of three candidates ✅
The market focus during Christmas week is locked on the nomination of the person in charge of the US dollar! The policy tendencies of three popular candidates directly concern the subsequent trends in the cryptocurrency market, so here's the essential information👇
🔥Hassett (54% probability) | Dovish Pioneer
Current head of the US Economic Council, advocating for aggressive monetary easing to stimulate the economy
Friendly attitude towards the cryptocurrency sector → If elected, market interest rate cut expectations will soar, and the cryptocurrency market is likely to experience a boost in sentiment 💹
⚡Waller (21% probability) | Hawkish Representative
Former US dollar director, opposed excessive easing policies
If the nomination materializes, interest rate cut expectations will cool → Strengthening of the US dollar, the cryptocurrency market may face downward pressure 📉
☁️Waller (14% probability) | Centrist Candidate
Current US dollar director, advocating for steady policy adjustments
After election, policy pace will likely be stable → The cryptocurrency market will likely maintain a volatile pattern, making it difficult to see a strong trend 🔄
💡Practical Advice:
1. The US stock market is closed during Christmas week, market liquidity tightens, avoid chasing high prices, and adopt a light position to cope with volatility
2. Keep a close eye on nomination news, if the dovish candidate wins, consider entering mainstream cryptocurrencies at lower prices; if the hawkish candidate wins, adopt a wait-and-see approach
3. Also pay attention to this week's economic data; weak data will further strengthen the expectations for monetary easing, which is beneficial for the cryptocurrency market
