The Fed chair candidate has become a recent focal point. The White House has named the Treasury Secretary as the top choice, although decision-makers themselves have admitted that the choice may change, reflecting a re-evaluation of monetary policy direction.

The key point is — the Federal Reserve still has ample room to cut interest rates. What does this mean for the crypto market? Changes in liquidity expectations often directly impact the performance of risk assets. After the new chair takes office, how to flexibly adjust policies based on economic data is the real determinant of market trends.

From the perspective of market participants, this is not only a macroeconomic topic but also relates to the actual flow of funds. Interest rate decisions, inflation data, employment indicators — each data point could trigger a market reassessment. Especially now, when crypto assets are highly sensitive to macro liquidity, paying close attention to every move by the Federal Reserve has become a must.

Short-term trends of tokens like BNB, PORTAL, GHST are fundamentally influenced by these macro expectations.