💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
🇺🇸 Inflation in the United States is slowing down: the consumer price index in March ( CPI ) is 2.4% 📉
In March, the U.S. consumer price index increased by only 2.4% year-on-year, lower than the February level of 12.8% and the market forecast of 12.6%. This is the lowest level since the beginning of 2021, clearly indicating that inflation is slowing down 📊❄️. However, the market's reaction to this news has been tepid 🤔.
📉 Why didn't the market react strongly?
The surprise is not that significant: the decline was anticipated, just slightly weaker than expected.
Core inflation remains stubborn: excluding volatile products and energy, core inflation remains above the target of 2%.
The market has already "priced in" the rate cut: now we are waiting for confirmation of action from the Federal Reserve, not just data.
🏦 What does this mean for the Federal Reserve and interest rates?
Expectations for interest rate cuts are intensifying, but they are still far from certain:
✅ Regarding "doves" (doves) — Inflation is cooling down, which means a first interest rate cut could be considered in June-July 2025 🕊️
⚠️ However—The Federal Reserve wants to see a continuous decline, especially in core Inflation. One report—not a trend.
➡️ Conclusion: The expectation of interest rate cuts still exists, but it is more likely to be 1-2 cuts in 2025, rather than large-scale easing 💡
🪙 How does this affect the cryptocurrency market?
🟢 Positive signals for Bitcoin and other altcoins:
📉 A more dovish Federal Reserve policy = declining bond yields = increased interest in risk assets( including cryptocurrencies).
🪙 BTC, ETH, and other cryptocurrencies often respond with a bullish reaction to such macro news, especially when it means the dollar will become cheaper 💵
⚠️ But growth is limited: Traders hope not only to get confirmation of Inflation but also to see the Federal Reserve's own policy confirmation. Currently, it still maintains a "hawkish" (hawkish) — cryptocurrencies are waiting 🚦()(