• bitcoinBitcoin (BTC) $ 102,334.00
  • ethereumEthereum (ETH) $ 3,462.89
  • tetherTether (USDT) $ 0.999930
  • xrpXRP (XRP) $ 2.50
  • bnbBNB (BNB) $ 961.61
  • usd-coinUSDC (USDC) $ 0.999708
  • staked-etherLido Staked Ether (STETH) $ 3,460.49
  • tronTRON (TRX) $ 0.295037
  • dogecoinDogecoin (DOGE) $ 0.174781
  • cardanoCardano (ADA) $ 0.560375

Bessent says hope to have a firm Fed chair candidate by Christmas

Doing second round of Fed chair interviewsWill present set of candidates in early DecemberApplauds 25 bps rate cut by the Fed but don’t agree with the communicationLanguage used shows Fed is stuck in the past, models are broken
This article was written by Justin Low at investinglive.com.

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💡 DMK Insight

The Fed’s upcoming chair interviews and the recent 25 bps rate cut signal a pivotal moment for traders. With candidates to be presented in early December, the market’s focus will be on how the new leadership might shift monetary policy. The current communication style from the Fed suggests a disconnect with present economic realities, which could lead to increased volatility in both forex and crypto markets. Traders should watch for how this impacts the dollar index, especially if the Fed’s messaging continues to lag behind market expectations. If the dollar weakens, we could see a bullish trend in crypto assets as investors seek alternatives. Keep an eye on key resistance levels in BTC and ETH as they react to these developments, particularly around the $30,000 mark for Bitcoin and $2,000 for Ethereum, which could serve as psychological barriers in the short term.

📮 Takeaway

Watch for the Fed’s December candidate presentation; a shift in communication could impact dollar strength and trigger volatility in crypto markets.

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