In the end, the Federal Reserve still has to rescue the market, but the issue of insider trading is becoming more and more serious.


As shown in the chart, the market started to decline at 10:30 last night.
- The Nasdaq index fell more than 1%
- Nvidia plummeted over 5%
- Bitcoin followed the decline of US stocks, dropping below $69,000 and $68,000 successively.
It was expected to fall all night, but at 3:00 a.m., the Federal Reserve began to intervene.
- Person: Chicago Fed President Goolsbee
- Statement: If inflation subsides, this year's interest rates could be cut “several times”
- Interpretation: The market previously priced in “two times,” and “several times” means more than two.
- Result: After his speech, gold and US stocks further rebounded.
Why call it insider trading? As shown in the chart, the market started to rebound from 2:30, but the speech was at 3:00.
Now that Dazi’s earnings report has been released, we’re just waiting for the March non-farm payrolls, CPI, and Federal Reserve meeting.
BTC2,55%
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