Treasury Secretary Bessent clarified that the proposed $2000 dividend plan is essentially a tax cut rather than direct liquidity injection. Separately, Fed Governor Logan delivered hawkish remarks, effectively ruling out a December rate cut.
Bitcoin and Ethereum prices slumped significantly amid heightened market panic. Bulls seem to have few moves left as fiscal stimulus hopes fade and the prospect of monetary easing dims. The AI narrative remains the market's last pillar of support, but upcoming Nvidia earnings could introduce further volatility.
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