Bitcoin jumped 3.5% in the past 15 minutes, surging above $83,000

On November 21st, the founder of Strategy, Michael Saylor, posted "HODL On", advocating patience and holding through the current market volatility. A few days prior, Michael Saylor stated in an interview that "Bitcoin must fall below $10,000 for Strategy to sell its holdings."

On November 21st, Powell of the Fed said: It is unlikely that there will be another rate cut in December; keeping the rate unchanged will enable the Fed to assess the tightening situation. (Xinhua News Agency)

On November 21st, Arthur Hayes, the co-founder of BitMEX, said: "The decline of BTC is smaller than the decrease in USD liquidity. The bottom is approaching, but don't be in a hurry to buy the dip. Wait a bit longer. Let the US stock market also take a heavy hit. Eventually, we are engaged in a larger money printing game. In order to make the Fed inject liquidity, we first need to see a crash in AI and technology stocks to shake out the weak hands."

November 21: During a period of nearly two hours, several Federal Reserve officials made dovish remarks collectively. Subsequently, U.S. short-term interest rate futures indicated an increase in market expectations of a December rate cut by the Federal Reserve. The likelihood of a December rate cut is now 54%. Fed Governor Milan: If my vote were a decisive one, I would vote in favor of a 25-basis-point rate cut. He believes that CPI data will be released after the next FOMC meeting. New York Fed President Williams: Given that the current policy stance is obviously tight, the Fed still has room to cut rates in the short term. The progress of inflation remains muted, but it is expected to reach the 2% target by 2027. Fed Vice Chair: AI-related stock gains are benefiting from actual earnings, which is different from the internet bubble period. Fed's Collins: Over time, further rate cuts are anticipated. Having a diverse perspective within the Fed is beneficial.

On November 21st, as per the monitoring of LookOnChain, Arthur Hayes deposited 7.66 million BIO into Binance, which is approximately worth $460,000. These BIO tokens were withdrawn from Binance three months ago when the price of BIO was $0.144. Considering the current price, Arthur Hayes has incurred a loss of $640,000 in this investment, representing a loss of 58%.

On November 21, Federal Reserve Vice Chair Jefferson stated: In contrast to the Internet bubble era, the surge in AI-related stocks is primarily due to AI companies actually generating real earnings. The current market differences from the Internet bubble era make it less likely for us to witness a recurrence of the late 1990s. It is still too early to make a judgment on how AI will impact the labor market, inflation, and monetary policy.