President Trump is poised to announce the new Federal Reserve Chair, with expectations of advocating for aggressive interest rate cuts. This development comes as Ethereum's exchange supply has dropped to levels not seen since 2016, indicating reduced selling pressure in the market.
Meanwhile, Bitcoin spot ETFs experienced a significant net inflow of $457 million on December 17, with Fidelity's FBTC leading the charge with $391 million. In contrast, Ethereum spot ETFs recorded a $22.43 million outflow, marking the fifth consecutive day of outflows. Traders are adjusting their strategies in response to these shifting macroeconomic signals, considering options like a spot grid strategy to navigate short-term market volatility.
Trump to Announce New Fed Chair as Ethereum Exchange Supply Plummets
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
