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On Friday, November 8, the US dollar index fell to 104.43 as the Federal Reserve cut interest rates by 25 basis points. Chairman Powell emphasized that he would not resign even if Donald Trump requested, stating that the law does not allow the dismissal of the board of directors.

With Trump's unexpected victory in the US election, the global cryptos market is full of expectations for the future policy environment. The market generally believes that the Trump administration's coming to power will bring new opportunities for the crypto industry, potentially reducing regulatory pressure and providing a more open policy space.

The consistent pro-business stance of the Republican Party, combined with the Trump team's free market thinking, has led market investors and industry leaders to optimistically predict a gradual shift in America's cryptos regulatory attitude, injecting new momentum into the industry.

How will Trump's election affect the cryptos market? Check out the chart below.

In fact, the multiple rebuttals at this press conference exposed the power balance issues between the Federal Reserve and the White House. Especially when asked if Trump had the legal power to fire the Federal Reserve Chairman, Powell straightforwardly answered with a series of "no": no resignation, no obedience, no legality. This series of resolute refusals demonstrates the Fed's independence in the American financial system and reveals Powell's firm determination to defend the Fed's independence.

The possibility of Trump returning to politics may mean a more intense game. The strong president wants to put pressure on the Fed's interest rate cutting path, while the Fed's independence is once again challenged.

Today, ethereum has also seen a strong uptrend. There was once much doubt when ethereum was called a 'value coin', but now we can finally speak confidently. However, ethereum remains relatively weak compared to bitcoin, currently falling below the 0.35 level, hitting a new low. Whether ethereum can regain its market position remains to be seen in Vitalik's next move. Investors do not need to rush to increase their ethereum holdings, holding existing positions is sufficient.

Grasp the opportunity to capture the explosive potential of 3 potential coins with 100 times leverage!

NEIRO

NEIRO is a recently launched community-driven token that inherits the classic image of Doge, continues the relaxed and inclusive atmosphere, and quickly attracts global fans' attention. With an emotional connection to the Dogecoin family, NEIRO demonstrates strong market potential.Technical analysisIndicating that its price has surged by over 42,000%, both the daily and weekly charts show a significant upward trend. Once it breaks through the current resistance level in the future, it may continue to rise. As a member of the community MEME coin craze, NEIRO is expected to become a new star project in the market.

DOGE

The fundamentals of dogecoin remain robust, with continuous inflows of funds driving its price up. On-chain data shows that in the past week, DOGE's trading volume has increased significantly, mainly due to sustained buy-ins from large investors. According to data from IntoTheBlock, large wallets holding DOGE have significantly increased their token inventory in a short period of time, demonstrating institutional investors' confidence in its future prospects. Additionally, the addition of DOGE transfer functionality on the Robinhood platform further expands its utility. These factors collectively propel the price of dogecoin.

aave

Similar to Uniswap, AAVE is one of the leaders in the defi field, making it a strong overall project.