News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Last weekend, the MEME coin Pnut became a hot topic among Degen traders, with its market value surpassing 100 million dollars in just one day. This craze is related to the news of the American internet celebrity squirrel Peanut being "captured" and subsequently euthanized, and it has evolved into a political movement in the U.S. with the "help" of public figures like Musk.
Bernstein analysts predict a price target of $200,000 by the end of 2025, regardless of the election outcome.However, they anticipate a short-term impact on market sentiment as Donald Trump is seen as the pro-crypto candidate compared to Kamala Harris’s relatively hawkish crypto stance.
![Today's Must-Read | Twitter Featured Views [November 4th]](https://img.bitgetimg.com/multiLang/web/8e1199d7822fef00d2ec95133764186d.png)
Share link:In this post: Tuesday’s U.S. election will shake up taxes, trade, immigration, and energy policies, impacting Americans’ daily costs and business operations. Trump wants deep tax cuts and high tariffs to bring jobs back home, while Harris focuses on middle-class tax relief and continuity in trade policies. On immigration, Trump’s hardline stance includes massive deportations, while Harris takes a more balanced, legislative approach.
- 22:54The probability that the Fed will cut interest rates by 25 basis points in December is 62.8 per centAccording to the CME ‘Fed Watch’, the probability that the Fed will keep the current rate unchanged by December is 37.2%, the probability of a cumulative 25 basis points of interest rate cuts is 62.8%. The probability of keeping current rates unchanged by January next year is 28.4%, the probability of a cumulative rate cut of 25 basis points is 56.8%, and the probability of a cumulative rate cut of 50 basis points is 14.8%.
- 22:54BTC breaks above $92,000The market shows that BTC broke through $92,000, now at $92,107.94, 24-hour decline narrowed to 1.56%, the market fluctuations, please do a good job of risk control.
- 22:38Fed sound bite: Fed minutes hint at cautious rate cuts if inflation stagnatesFederal Reserve officials at their meeting earlier this month discussed the possibility of slowing or pausing interest rate cuts if progress in lowering inflation stagnates, writes Nick Timiraos, ‘The Fed's Sounding Board’. According to Fed minutes released Tuesday, officials argued that if the economy performed in line with their expectations that inflation would continue to decline steadily, then ‘a gradual move toward a more neutral interest rate setting might be appropriate.’ All 19 officials involved in the discussion agreed to cut the Fed's benchmark short-term rate by 25 percentage points, the minutes showed. Some policymakers argued that the risk of a more pronounced slowdown in the job market or the economy had diminished since the September meeting. Many of them also said there was greater uncertainty about exactly where interest rates should be set in an economy that needs neither stimulus nor monetary restraint. Those considerations ‘made a gradual reduction in policy constraint appropriate’, the minutes said.
