The Fed may cut interest rates again until June? Crypto Assets plummet with US stocks

Due to the stable employment market and still strong service industry revealed by the data released by the United States, traders expect the Federal Reserve to postpone another rate cut until June, and the dumping of US bonds has intensified, causing a severe blow to the stock market. Cryptocurrency fell again, with BTC falling to 97K, Ethercoin experiencing a big dump of 8%, and the entire network getting liquidated by 540 million USD within 24 hours.

The service industry is strong, the job market is stable, and the Fed may slow down the pace of rate cuts.

Driven by the surge in the business services sector, job vacancies in November rose to a six-month high. In November, JOLTs job openings in the United States reached 8.098 million, significantly exceeding expectations and surpassing the previous 7.839 million, further proving the stability of the labor market.

The US December ISM non-manufacturing index reported 54.1, higher than the expected 53.5 and the previous value of 52.1, indicating that the US service industry remains strong.

The job market remains stable and the service industry is still strong. Traders expect the Federal Reserve to slow down the pace of rate cuts. According to the CME FedWatch Index, traders expect the Federal Reserve to delay further rate cuts until after June, and the magnitude of rate cuts this year may only be one basis point.

The latest meeting minutes of the Federal Reserve will be announced today (1/8), and it is expected to provide more information about officials' interest rate forecasts.

BTC falls to 97K, Ether falls 8%, the whole network gets liquidated for 540 million dollars

Yesterday, BTC, which finally returned to the 100,000 level, fell again with the U.S. stocks. This morning, it fell to $96,181 at one point.

Ethercoin 24-hour fall is up to 8%, reported at $3,384 before the deadline.

According to Coinglass, a total of $540 million was liquidated across the network in the past 24 hours, with $118 million worth of Ethercoin positions being liquidated, and BTC reaching $100 million.

As Trump is about to officially take office as President of the United States on 1/20, the market is more suspicious of his tariffs, regulations, and other measures. The short-term market volatility is intense, and investors need to be aware of their own risks and manage their positions well.

This article: The Federal Reserve may cut interest rates again in June? Cryptocurrency falls sharply with US stocks.