Macroeconomic Policy Shift: Liquidity Expectations Rise
The Trump administration announced a $200 billion mortgage-backed securities (MBS) purchase plan, referred to by the market as "administrative quantitative easing." This move aims to lower mortgage rates and stimulate the real estate market but essentially injects liquidity into the financial system. Although the policy targets the housing market, the anticipated capital flow has boosted overall risk asset sentiment, thereby also uplifting the cryptocurrency market.
Meanwhile, rumors about the Federal Reserve chairmanship are fueling market expectations of rate cuts. The combination of easing signals and liquidity expectations has indeed created a favorable environment for high-risk assets in the short term.
Real-time Market: Range-bound Volatility Awaiting Breakthrough
According to the latest data, Ethereum ((ETH)) is currently hovering around $3,110, with a 24-hour change of -0.13%. The market experienced a fluctuation near 3050 last night.