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BiyaPay Analyst: Trump Backs Hassett to Succeed Fed Chair, Bitcoin and US Tech Stocks Rally Together
Summary: According to reports, Trump strongly hinted at a cabinet meeting that former White House economic advisor Hassett may become the next Federal Reserve chairman. The market is betting that under the new chairman next June, the easing pace may accelerate. US tech stocks and Bitcoin rose together, with Bitcoin briefly surpassing $91,000. BiyaPay analysts stated ...
According to reports, Trump strongly hinted at a cabinet meeting that former White House economic advisor Hassett may become the next Federal Reserve chairman. The market is betting that under the new chairman next June, the easing pace may accelerate. US tech stocks and Bitcoin rose together, with Bitcoin briefly surpassing $91,000. BiyaPay analysts stated that if the easing expectations continue to strengthen, a peak in interest rates + improved liquidity will benefit tech and crypto assets. However, if future employment and inflation data fall short of expectations, volatility may increase. It is recommended to diversify investments in US tech stocks, crypto assets, and money market funds through BiyaPay's multi-asset account, control leverage, and gradually build positions.
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Link: BiyaPay Analyst: Trump Backs Hassett to Succeed Fed Chair, Bitcoin and US Tech Stocks Rally Together [Copy]
