$ETH The Plunge Behind: The Fed Chair Candidate's Turmoil Disturbs the Market
ETH suddenly plummeted, and the reason seems to have been found; a single statement from Trump turned the market upside down. In an interview, he claimed that he had identified a new candidate for the Fed Chair but refused to reveal who it was, only saying he would announce it at an opportune moment. This maneuver heightened the suspense, causing the market to tense up instantly, and the prices of assets like ETH fell sharply. Is this trend going to trigger a new round of 'line-drawing' market behavior?
At the same time, social media exploded with rumors that current Fed Chair Powell would announce his resignation at an emergency meeting on Monday night. However, upon closer inspection, mainstream media had not reported this, and there was no official movement, indicating that this was likely an unreliable rumor. Yet, the market disregarded this; the sentiment had already been ignited, and asset prices were fluctuating wildly.
There were also reports that Kevin Hassett, the Director of the White House National Economic Council, is a popular candidate. However, he quickly responded by refusing to comment, stating that these are just rumors. This attitude only adds to the confusion.
The current situation is a complete mess. Trump is being mysterious, while Powell is entangled in the cloud of 'resignation.' Who will ultimately take charge of the Fed remains uncertain. The stakes and influences involved are too significant, making market participants feel like ants on a hot stove. In my view, this uncertainty is the biggest risk in the market; investors need to keep their eyes peeled and not follow the crowd blindly, or they could easily suffer losses amid this tumultuous environment. The plot has just begun, and there will definitely be more twists ahead; let’s wait and see the final outcome.
Tao believes that the drama of selecting the Fed Chair has just begun, and there will surely be major movements in the market ahead! If you want to grasp the latest news first-hand and find the right direction in this ever-changing market alongside Tao, make sure to follow me and don’t miss critical moments!
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