#密码资产动态追踪 The independence of the Federal Reserve faces a new test. Powell recently received a subpoena from a grand jury of the Department of Justice regarding a criminal investigation. In response to this move, he firmly stated that he would not change his decision-making logic due to external pressure—every step of the Federal Reserve will be based on economic data, not political demands.

This has sparked market reflection: To what extent can political pressure influence central bank decisions? Can the stability of interest rate policies still be guaranteed? These questions are directly related to the upcoming pace of rate cuts.

For the crypto market, the Federal Reserve's policy direction has always been a barometer. Expectations of rate cuts will boost the attractiveness of risk assets, while the opposite may prolong the pressure cycle. The market is still digesting these variables—whether the bear market will continue or if a new opportunity window is opening.

What do you think of this situation? Share your observations in the comments.