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BiyaPay Analyst: Trump Strongly Supports Hassett to Succeed at the Fed, Bitcoin and US Tech Stocks Rally Together

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BlockBeats News, December 3, Trump strongly hinted at a cabinet meeting that former White House economic adviser Hassett may become the next Federal Reserve Chairman. The market is betting that the pace of easing may accelerate under the new chairman in June next year. U.S. tech stocks and Bitcoin both rose, with Bitcoin once breaking through $91,000. BiyaPay analysts stated that if easing expectations continue to strengthen, peak interest rates and improved liquidity will benefit technology and crypto assets. However, if subsequent employment and inflation data fall short of expectations, volatility may intensify. It is recommended to use BiyaPay multi-asset accounts to diversify allocation across U.S. tech stocks, crypto assets, and money market funds, control leverage, and build positions gradually.

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