Recently, US economic data and speeches from Federal Reserve officials have triggered a reassessment of the market's outlook on monetary policy. The Producer Price Index ( PPI ) data exceeded expectations, leading to a significant reduction in the market's expectations for a possible rate cut in September. Meanwhile, the US dollar index rebounded strongly, breaking through the 103.5 level.

The latest remarks from Federal Reserve Chairman Powell have further intensified market volatility. His speech was interpreted as hawkish, raising concerns among investors and leading to a noticeable drop in risk asset markets. Bitcoin's price fell in tandem with the S&P 500 index, indicating that the correlation between cryptocurrencies and traditional financial markets is strengthening.

This series of events highlights the significant impact of macroeconomic factors on various assets. Currently, investors need to closely monitor the Federal Reserve's policy direction, as it has become one of the largest risk factors affecting global financial markets. Whether in traditional finance or the emerging cryptocurrency market, it is difficult to operate independently of the overall economic environment.

In this complex market environment, investors should remain vigilant, closely monitor economic data and policy signals, and adjust their investment strategies in a timely manner to respond to possible market fluctuations.