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Bitget CEO tells Bloomberg that macro policies in December will determine the direction of the crypto market
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ChainCatcher news, Bitget CEO Gracy Chen was interviewed by Bloomberg Crypto and shared four major market insights:
- DATs mainly benefit project teams, with questionable value for investors
- After the crash on October 11, the pressure on altcoins is a structural issue rather than a temporary phenomenon
- The market pricing power has shifted to Wall Street dominance
- December will become a key macro window period; the end of the government shutdown and interest rate adjustment policies will set the tone for the market
Chen specifically pointed out that if the liquidity environment improves, cryptocurrencies and US stocks may gain upward momentum simultaneously.
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