Those who have recently been paying attention to the Federal Reserve's policy movements should have seen the relevant data. According to the latest forecast from CME's "FedWatch" tool, the probability of the Federal Reserve holding interest rates steady in January is as high as 81.7%, with only an 18.3% chance of a 25 basis point rate cut. By March, the situation will loosen— the probability of a cumulative 25 basis point rate cut rises to 43.2%, the chance of holding rates steady is 49.6%, and the probability of a cumulative 50 basis point cut is 7.2%.

What do these data mean for the crypto market? In the short term, the high probability of the Fed maintaining steady interest rates may continue to support the strength of the US dollar, which could put pressure on risk assets like DOGE. However, as expectations of rate cuts in March gradually increase, market risk appetite may improve. Market participants need to closely monitor the actual progress of the Fed's decisions, especially the latest statements from officials regarding inflation outlook. For investors watching cryptocurrency trends, the Fed's policy shifts are often reflected in price movements in advance, so it's important to stay alert.