Fed hopes to reduce debt, UK Omicron dies first, bitcoin drops 6% below $ 46,000

According to Reuters, after the first death of the Omicron virus in the UK, industry concerns over the development of the Omicron virus have turned to the policy of the US Federal Reserve (Fed). the stock market fell. as three major US stock markets fell.

The Dow Jones Industrial Average fell 320.04 points, or 0.89%, to 36,650.95 points, the S&P 500 fell 43.05 points or 0.91% to 4,668.97 points, and the Nasdaq Composite fell 217.32 points, or 1.549 points.

Most of the top 11 S&P 500 stocks fell, with only defense gear rising, including home appliances, electronics and housing. The S&P 500 closed on the 13th, but is still up 24% year-to-date.

Bitcoin is still low

In the cryptocurrency market, Bitcoin (BTC) continued to decline, according to data from TradingView on the cryptocurrency market yesterday it fell sharply at 8 p.m. This morning it fell to 45,672.75, down 6.8% in 8 hours; It continued to rise and fall until the close, falling 4.16% in the past 24 hours to $ 46,750.

Affected by the continued decline of Bitcoin, the top 100 cryptocurrencies by market value have generally fallen today. Major coins such as PolkaDOT (DOT), Terra (LUNA) and Avalanche (AVAX) all fell 8-10%, according to data from Coinmarketcap. ETHereum (ETH), Binance Coins (BNB), Solana (SOL), etc. experienced losses of between 5 and 7%.

Fed Market Surveillance Decision Meeting.

The Fed is due to hold a key two-day price decision meeting from the 14th to 15th, and the market is closely monitoring the outcome of the meeting, so flower growth will begin early.

Ryan Jacob, chief executive of JacobInternetFund, told Reuters: The economy is a little nervous as the Fed has to make its decision to deliver.

Reuters reported in an interview with financial analysts that the Fed expects to hike rates further in the fourth quarter of next year after raising rates nearly 0% to 0.25% and 0.50% in third quarter of next year.

"Decrypt" reported that Deutsche Bank financial analysts expected in a statement last week that the Fed would announce it would double its debt purchases and raise interest rates on the US Treasury and real estate mortgage lenders this week. Monthly mortgage losses (MBS) are between $ 20 billion and $ 10 billion, respectively.

In this case, the reduction in loans will end in March of next year, not until June of next year, ahead of schedule. However, it should be noted that the Fed's behavior on the Omicron strain will be heavier than its behavior on the Delta strain.

Fed Chairman Jermoe Powell, speaking at the Senate Banking Committee meeting on Tuesday, warned that new concerns about mutant diseases could reduce people's motivation to work, which could slow the market and increase chain.

It remains to be seen whether this growing concern will prompt the Fed at its peak to buy contracts, but investors appear ready to sell assets until the Fed's financial policy is clear.

Coinbase, America's largest cryptocurrency exchange, also warned in a note to consumers this week that fiscal discipline remains a principle and may continue to be the business leader for next week. their level of exposure.