#美国证券交易委员会推进数字资产监管框架创新 【Federal Reserve signals easing, the dollar plummets in one day! The sharpest drop since March, market senses a big cycle of rate cuts coming】

The Federal Reserve is finally taking real action, and the dollar is having a tough time. On Wednesday close, the dollar index fell 0.4%, the biggest single-day decline since mid-September, and its worst performance in the past three months. The logic behind this is simple: the market is repricing the Fed's stance.

💎 Powell's "dovish" signals overshadow everything

Fed Chair Powell's message this time was very clear—there are significant risks in the employment market, but inflation pressures are less intense. The market interpreted this as "we may need to be more dovish." Analysts at American Bank, Alex Cohen, directly stated that Powell's concerns about employment are "much more conservative than before," which directly triggered a sell-off in the dollar.

📉 25 basis points rate cut, U.S. Treasury yields loosen

With this rate cut, the market has started betting that the easing cycle has just begun. As interest rate expectations adjust, U.S. Treasury yields have been pushed down, which means the attractiveness of the dollar is noticeably decreasing. A seasoned macro strategist mentioned that to see where the dollar will go next, one should analyze bond yields and spreads.

🌍 Dollar depreciation, risk assets take the stage

When the dollar weakens, emerging market assets and commodities tend to strengthen, and countries with dollar-denominated debt can breathe easier. If the dollar truly enters a trend of weakening, global capital flows will change. More funds may exit dollar assets and shift into emerging markets and higher-risk assets. For cryptocurrencies, this has always been a positive signal.

The rate cut triggered by employment concerns is rewriting the short-term story of the dollar.$BTC $ETH $XRP