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Gate Square New & Returning Creator Rewards are ongoing!
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Green returns to Crypto
Total market capitalization increases by +5.4% to $3.18T. BTC surpasses $91K, ETH $3K, and a series of altcoins simultaneously rebound, with notable standouts:
$PENGU +25.79%
$SUI +20.97%
$WIF +17.05%
$PUMP +15.98%
$SSV +14.76%
$ZRO +13.6%
Last night, President Trump revealed he will announce the Fed Chair early next year and hinted that close ally Kevin Hassett is a potential pick.
Additionally, yesterday also marked the official end of the Fed's quantitative tightening program (QT). However, liquidity tensions have yet to ease as banks have to borrow large amounts from the Fed via repo operations (overnight secured lending).
Analysts believe this development could add pressure, forcing the Fed to either ease or further support liquidity in the near future.