Bessent's clarification on the 2000 dollar dividend disappointed markets: the plan was described as tax cuts rather than direct liquidity injection. Meanwhile, Logan's hawkish comments all but eliminated the possibility of a December rate cut. With bulls seemingly running out of moves, Bitcoin and Ethereum prices dropped sharply, fueling market panic.
The Fed's hawkish tone lowered rate cut expectations, and the fiscal stimulus fell short of what investors had hoped for, further damaging confidence. Currently, the AI narrative serves as the last pillar of support, but the upcoming Nvidia earnings report could trigger significant volatility, warranting close attention.
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