#BTC与代币化贵金属对比 Federal Reserve signals overnight, what’s next for the crypto market

Tonight at 3 a.m., the Fed’s interest rate decision will be announced. A 25 basis point cut is almost a given, but what really determines the future direction of the crypto space is Powell’s upcoming speech.

The market is watching every word. If he hints that the current rate-cut cycle might be coming to an end, risk assets are likely to come under pressure, and the enthusiasm in the crypto market could cool off instantly. If he leaves some room for future easing policies, then it’s a different story — the crypto market might see a new rally.

Reflecting on the October rate cut, Powell said then that the risk of inflation rebound still exists, and he was vague about December’s policy direction. The current situation is similar — inflation has eased quite a bit, but the employment market is unpredictable, combined with fiscal debates, tariffs, and other variables. The Federal Reserve now feels like crossing a river by feeling the stones.

From a fundamental perspective, Powell is likely to be relatively moderate this time, which is a positive for short-term market sentiment. Stocks and cryptocurrencies may see a coordinated rally. However, don’t let your guard down — the Bank of Japan’s rate hike expectations are heating up for December 19, which could become the next market disruptor.

The advice tonight is simple: don’t rush into action. Wait until the decision is made, Powell finishes his speech, and the market’s direction becomes clear. Then, it’s a good time to enter the market. Remember, in the face of such macro-scale events, just surviving is already half the victory. $BTC $ETH