#加密市场回调 The speech by Federal Reserve Chairman Powell at the press conference became a key factor in triggering significant market fluctuations. He clearly stated: "There is significant disagreement within the committee regarding whether to cut interest rates in December; this is not a certain outcome."

Previously, investors had a strong confidence in the continued easing of monetary policy, but Powell's cautious statement directly undermined the market's established expectations for loose liquidity. From the specific data, the market's prediction of the possibility of a Federal Reserve rate cut in December sharply declined from 92% to 70%, leading to a rapid shift in investment sentiment.

This statement immediately triggered a chain reaction in the financial markets: the U.S. stock market fell, government bond yields quickly rose in the short term, and the U.S. dollar index showed a clear upward trend, with a significant increase in market risk aversion. The digital currency market was also not immune, as the prices of major crypto assets such as Bitcoin and Ethereum fell in tandem, and various risk assets generally faced adjustment pressure.

Regarding the future direction of market development, the focus of observation has shifted from "economic indicator performance" to "capital flow trends". If the US dollar maintains a strong pattern, the digital currency market may need to face a cooling period and adjustment phase driven by emotions.