#数字资产市场动态 The Federal Reserve's big move is here. By 2025, the total liquidity injection will exceed 120 billion, and yesterday they injected another 2.5 billion in overnight repos, with MBS collateral making up the majority (85.5%). Coupled with three rate cuts totaling 75 basis points this year, the interest rate now remains steady at 3.5%-3.75%.

The logic behind this is very clear—paving the way for easing policies in 2026. Many institutions are predicting another 2-3 rate cuts next year, possibly reducing rates by another 50-75 basis points. The Trump administration is also promoting the goal of "high liquidity," and such signals are still pushing the crypto asset market.
The market's actual reaction makes this very clear. On the day of the rate cut in December, BTC surged shortly after, ZEC saw a maximum increase of 17.99% in the past 30 days, the US stock Dow Jones Industrial Average also rose by over 1%, and the US dollar index hit a new low for the month. Capital flow is very straightforward.
However, risks cannot be ignored. Core PCE remains at 2.9%, still above the Federal Reserve's target. There are also 7 Fed officials opposing further rate cuts in 2026, and such disagreements can easily intensify market volatility.
From a trading perspective, the key points to watch are whether the size of repos will continue to exceed the 2.5 billion level, and the direction of the FOMC dot plot in January. In the early stages, small positions can be used to track the momentum, but never chase high blindly. $BTC, $ZEC and these coins still need to watch policy pace and capital flow in the short term.