Fed Chairman Jerome Powell emphasized that there should be no rush to cut interest rates and emphasized that inflation is approaching the target level but is not yet there. Powell's cautious statements led to a decline in markets, especially Bitcoin and cryptocurrencies, while bond yields increased. The probability of the Fed cutting the interest rate by 25 basis points in December is priced at 62.4%.
Bitcoin spot ETFs in the US ended a 6-day positive trend with outflows of $400 million, while some large funds attracted attention with serious sales.
Donald Trump appointed Jay Clayton as the prosecutor for the Southern District of New York.
Important developments to be experienced during the day:
eCash (XEC): “Regular Heartbeat” update will take place.
Starknet (STRK): Unlocking of 64 million tokens, corresponding to 3% of the amount of tokens in circulation, will take place.
