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Rumors of Biden dropping out this weekend? The market is pricing in this possibility, with the return of "Trump trade".
The global market has begun to quickly adjust investment portfolios in preparation for the "Biden withdrawal" and the return of the "Trump trade", including a strong US dollar, steep US bond curve, as well as the rise of banks, medical and energy stocks.
Is the "real correction" coming? Bitcoin briefly fell below 60,000.
BlackRock analysts warn that an "unprecedented" situation is unfolding...
Express News | Bitcoin fell below $60,000 per coin for the first time since June 25th, dropping 3.08% during the day.
Looking back at history: bitcoin may reach a new high this year!
CCData released a report stating that Bitcoin has not yet reached the peak of its current appreciation cycle, as the period of price expansion after the halving event has not yet passed. In addition, the launch of more crypto spot ETFs, such as Ethereum ETF, will further boost demand for cryptos.
Powell's latest statement: significant progress in controlling inflation, but refuses to reveal whether interest rates will be cut in September.
Despite avoiding political issues, Powell still emphasized that the huge fiscal deficit of the USA government is difficult to sustain.
"Trump trade" is making a comeback! Will cryptos become the next investment hotspot?
Standard Chartered Bank predicts that as the U.S. election approaches, bitcoin prices will reach $100,000. If Trump successfully takes the White House, the price of bitcoin may reach $150,000.