Recently, the personnel movements at the Federal Reserve have caused quite a stir in the crypto circle. Trump's sudden change in attitude towards Hasset directly shattered market expectations for policy, and this reversal came quickly and suddenly.

Speaking of which, the recent pace has indeed been stimulating. Hasset previously performed well in televised debates, and his outspoken support for presidential policies directly hit Trump's points. The market's odds of him becoming Fed Chair once soared above 80%, and crypto enthusiasts were waiting for good news of a large-scale rate cut, hoping for a price surge.

As a result, this turn of events instantly changed expectations for rate cuts. The odds plummeted from high levels, and market sentiment shifted from euphoria to caution. The movements of Bitcoin and Ethereum fluctuated accordingly, with retail investors feeling both nervous and excited, watching for further developments and speculating on the Fed's next move.

What does this change tell us? — The uncertainty of Fed policies itself constitutes market risk. Whether it's a rate cut or maintaining interest rates, both will deeply influence the overall direction of the cryptocurrency market. In the current market, paying close attention to official Fed statements and policy signals is more important than any market noise.