深夜，全线大涨！美联储，降息大消息！

Core Viewpoint - The cryptocurrency market experienced a significant rebound, with Bitcoin rising over 4% and Ethereum over 3%, driven by oversold conditions and expectations of interest rate cuts by the Federal Reserve [1][2][3] Market Performance - As of November 27, Bitcoin's price reached $91,420, marking a cumulative increase of over 13% from its low of $80,843 on November 21 [2] - The total liquidation amount in the cryptocurrency market reached $301 million (approximately 2.1 billion RMB), with over 100,000 traders liquidated within 24 hours [1] Factors Driving the Rebound - The rebound is attributed to two main factors: 1. Oversold conditions in the cryptocurrency market, particularly for Bitcoin, which had previously peaked at over $126,000 before dropping to around $80,000 [3] 2. Rising expectations for a Federal Reserve interest rate cut, with an 84.9% probability of a 25 basis point cut in December, boosting investor sentiment [3][4] Federal Reserve Leadership Speculation - Kevin Hassett, the Director of the National Economic Council, is considered the leading candidate for the next Federal Reserve Chair, which could lead to a more dovish monetary policy [4] - Hassett has indicated a willingness to implement immediate rate cuts if appointed, aligning with President Trump's economic strategies [4] Impact of Political Climate on Cryptocurrency - The decline in Bitcoin's price is linked to President Trump's decreasing approval ratings, which have fallen to 38%, the lowest since his second term began [8] - Nobel laureate Paul Krugman suggests that Trump's waning influence negatively affects Bitcoin prices, as the cryptocurrency has become associated with "Trumpism" [7][9][10] Historical Context of "Trump Trade" - The "Trump trade" refers to the surge in cryptocurrency prices following Trump's election, driven by expectations of favorable policies for digital assets [10] - Despite initial support for cryptocurrencies, the market has faced volatility due to trade wars and other economic factors during Trump's presidency [10]