Fed's Triple Blast at Dawn! Will the Crypto Market's Life-and-Death Line Be Revealed Soon?
At 3 a.m. Beijing time on August 21, the global financial market will face a triple blow: the Fed's July meeting minutes, crude oil futures rollover operations, and multiple officials speaking collectively.
One, Fed Meeting Minutes: Interest Rate Cut Expectations Set the Course
Although crypto assets have formed an independent market, global liquidity tightening or loosening will still transmit through channels like the dollar index and risk appetite. The core contradiction of this meeting's minutes lies in officials' divergence on interest rate cuts within the year.
Dovish Signal: If the majority of officials support interest rate cuts, it may indicate an improvement in the funding environment of traditional financial markets, indirectly benefiting crypto assets. For example, after the Fed slowed the pace of balance sheet reduction in March 2025, Bitcoin surged by over 5%, breaking the $85,000 mark.