#香港稳定币监管框架 This plummet, how deep is the water behind it?

The market suddenly changed its face. The price of ETH plummeted, leaving investors baffled. Who is the culprit? It might just be a statement from that former president across the ocean.

Trump played suspense marketing in an interview— the candidate for the new Federal Reserve Chairman has been decided, but he just won’t say who it is. When will it be announced? When is the right time for this "opportunity"? The market can't wait. This statement was like a deep-water bomb, instantly igniting emotions. Crypto assets plummeted, with ETH taking the brunt.

What’s even more outrageous is that it began to circulate wildly on social media: current chairman Powell is expected to announce his resignation at the meeting on Monday evening. The news was reported with great detail. However, upon calm reflection, mainstream financial media have not followed up, and official channels are completely silent. It’s highly likely that this is fake news. But the market doesn’t care about the truth or falsehood; the panic sentiment has already spread, and price fluctuations say it all.

Then there were more revelations, suggesting that Kevin Hassett, the Director of the White House National Economic Council, is a popular candidate. What did the person involved say? They refused to comment, only stating that these are all rumors. This response only makes people even more puzzled. Is it really that they don't know, or is it that they can't say?

The situation is so chaotic right now. Trump is hiding things, Powell is caught up in resignation rumors, and Hassett is playing the game. Who will ultimately take over the Fed? No one dares to make a guarantee.

The position of the Chairman of the Federal Reserve affects everything. When the policy direction changes, global capital markets have to adjust accordingly. Cryptocurrency is already sensitive to macro policies, and now it encounters such uncertainty, so it's not surprising that prices fluctuate wildly.

In short, what the market fears most is not bad news, but not knowing when the news will come. This state of uncertainty is the biggest source of risk. What investors can do now is to stay vigilant and not be led by emotions. Blindly following the trend to bottom fish? Be careful of catching it halfway up the mountain.

This grand drama has just begun. How will it develop next? Let's wait and see. $ETH $ETH