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#我在Gate广场过新年 Not sure what to grind around 70,000
But currently, traders' expectations of a rate cut in June have risen to 83%. Let's see how much of this positive news can be absorbed before it materializes.
Additionally, Treasury Secretary Bessant explicitly stated: The Department of the Treasury has no authority to buy Bitcoin and will not bail out cryptocurrencies. After this slap, he immediately said that Congress is striving to pass the Digital Asset Market Clarity Act (DAMA) in the spring to establish a federal regulatory framework for digital assets...
I feel it's still about the large options bets around the $60,000 level, and the $58,000 mark. If it really breaks through, I hope everyone still has some bullets in their pockets by then..$ETH