
Phyrex|Jul 15, 2025 22:23
The difficulty of today's assignment is a bit high. Overall, it is about CPI, tariffs, monetary policy, and internal disputes within the Republican Party. From a macro data perspective, although CPI data is rising and the market has lowered its expectations for a September interest rate cut, Besson emphasized that the selection process for the successor of the Federal Reserve Chairman has already begun, so the market's tolerance for inflation and interest rate cuts has increased significantly.
Tariffs and monetary policy are still the focus of the current game, and even if the new Federal Reserve chairman can divide Powell's power, the US inflation must be at least controlled in order to cut interest rates. Otherwise, even if he takes office, he cannot hold the Fed's nose, so the later game is still inevitable.
There was pressure from the ancient giant whale to sell BTC today, which made some investors choose to leave early for fear of falling into a hole. In the early morning, the House of Representatives vetoed the cryptocurrency bill such as the stable currency bill. In particular, Trump and the Republican Party had vowed to call this week Cryptocurrency Week, but the result was a shock. It was basically because of defection and absence within the Republican Party that the bill was not passed.
Trump has been very angry, while the Democratic Party voted in full negative. Whether the voting can be restarted during the cryptocurrency week is still unknown. If it can't be restarted, this cryptocurrency week will really become a joke.
In addition, the URPD data still cannot be updated. It should be almost ready tomorrow, but there are still two gaps at $112000 and $114000 that have not been filled, which has never been left unfilled in the history of URPD.
This article is sponsored by Bitget | @ Bitgetzh
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