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Bitcoin hit another all-time high, aiming for $110,000: Ethereum broke through $4,000 and tested as high as 4,105. The market is serious about Trump's commitment to building a national Bitcoin reserve. The three major U.S. stock indexes closed mixed overnight, with the Nasdaq rising 1.24% to a new high; The S&P 500 rose 0.39% and the Dow fell 0.25%. Most of the large technology stocks rose, Tesla rose more than 6%, Google rose more than 3%, Intel, Amazon rose more than 2%, Apple rose more than 1%, Netflix and Meta rose slightly; Nvidia fell more than 1% and once fell into the correction range during the session. Among them, Tesla, Google, and Amazon all hit new highs. In addition, according to CME's "Fed Watch", the probability that the Fed will keep the current interest rate unchanged by December is 4.6%, and the probability of a cumulative rate cut of 25 basis points is 95.4%. The probability of keeping the current interest rate unchanged by January next year is 3.8%, the probability of a cumulative rate cut of 25 basis points is 79.9%, and the probability of a cumulative rate cut of 50 basis points is 16.3%.

Next, the focus will be on the Fed interest rate announcement on Thursday the 19th and Fed Chairman Powell's speech! This is the third rate cut of the year, scheduled for 3:00 a.m. on the 19th. It can only be said that the impact of the rate cut is mixed. Positive factors: increased liquidity, USD depreciation favoring the currency circle, and increased demand for safe-haven assets due to economic uncertainty. Negative factors: increased market volatility, heightened risk, possible strengthening of regulation due to policy uncertainty, and increased impact on the currency circle due to increased inflation.