📢 Gate Square Daily｜December 1

1️⃣ Bitcoin and Ethereum's gains for the year have been completely wiped out as the market struggles with deleveraging and broader macroeconomic pressures.

2️⃣ The probability of a 25 bps Federal Reserve rate cut in December has risen to 87.4%.

3️⃣ Goldman Sachs reports that a rate cut at the December Fed meeting is now essentially a done deal.

4️⃣ Rumors of Powell’s resignation have resurfaced, and he is scheduled to deliver an important speech on Tuesday morning.

5️⃣ Trump claims that he has finalized his choice for the next Federal Reserve Chair.