HTX DeepThink: The Federal Reserve Board of Governors nominations trigger policy games, multiple key data tests the crypto market

BlockBeats news, on August 11, HTX Research analyst Chloe pointed out that Trump nominated his long-time economic advisor Stephen Moore to serve on the Federal Reserve Board of Governors, strengthening market expectations for future easing policies from the Fed. Moore advocates for interest rate cuts, contrasting with Powell's cautious stance, driving a recent rebound in risk assets such as Bitcoin. This week, the market is focused on three key data points: July CPI, PPI, and retail sales. If inflation data exceeds expectations, investors may reduce their bets on interest rate cuts, leading to a stronger dollar and pressure on the crypto market; if retail sales are weak, this would support expectations for a rate cut in September, benefiting the continued rise of risk assets. Additionally, in terms of geopolitical matters, Trump and Putin are scheduled to meet in Alaska on August 15 to discuss Ukraine and bilateral relations, which could affect market risk appetite. Overall, this week the crypto market may be data-driven, with heightened emotional fluctuations. In a scenario of moderate inflation and weak retail sales, Bitcoin is expected to challenge $126,000; if inflation heats up, caution is needed for a pullback to the $116,000–$118,000 range.