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Last night, the crypto assets market experienced a severe fluctuation. The Fed's interest rate decision became the focus of market follow, and its impact quickly reflected in the price movement of major crypto assets.
Bitcoin (BTC) and Ethereum (ETH) experienced a brief decline after Fed Chairman Powell made hawkish comments, followed by a rapid rebound. Solana (SOL) closely followed the market trend. This once again demonstrates the profound impact of central bank policies on the crypto assets market.
The market sentiment indicator shows that despite experiencing this fluctuation, investors' greed is still strong, with the Fear and Greed Index remaining at 72, indicating a "greed state".
In terms of regulation, the U.S. government is considering taxing citizens' overseas Crypto Assets accounts. At the same time, the Securities and Exchange Commission (SEC) has introduced a universal listing standard for Crypto ETPs, which may accelerate the approval process for mainstream Crypto Assets ETFs.
Institutional investors' interest in Crypto Assets continues to grow, with Bitcoin options exposure exceeding $57 billion. However, the market also faces some technical challenges, such as the Polygon network experiencing an outage of up to one hour recently.
In the DeFi space, a lending platform on the Ethereum chain called IMF experienced a self-destruct incident, leading to a chain liquidation, with its market value evaporating by 85% at one point, followed by a significant rebound.
For individual investors, this market fluctuation reminds us to cautiously set stop-loss and take-profit strategies. In such an unstable market environment, reasonable risk management becomes particularly important.
Overall, the Crypto Assets market remains full of opportunities and risks. Investors need to closely follow macroeconomic policies, regulatory trends, and industry technological developments in order to make more informed investment decisions.