Gate Plaza｜3/5 Today's Topic: #比特币创下近一月新高
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As the White House announced it has submitted President Kevin Waugh's nomination to the Senate for Federal Reserve Chair, the U.S. Senate did not pass the vote to stop Trump's Iran sanctions, Bitcoin hit a new high since February 5th early this morning, reaching up to $74,050, and the total cryptocurrency market cap rebounded to break through $2.538 trillion.
💬 This Week's Hot Topics:
1️⃣ Does Kevin Waugh's nomination indicate an increasing expectation of rate cuts?
2️⃣ At this critical point, are you holding your coins and waiting for gains, riding the trend, or preparing to reposition during the pullback?
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#GlobalRate-CutExpectationsCoolOff
Over the past few months, global financial markets have been heavily influenced by expectations that major central banks would soon begin cutting interest rates. Investors, traders, and analysts believed that slowing economic growth and easing inflation would push policymakers toward a more accommodative monetary stance
. However, recent economic data and policy signals suggest that these expectations may have cooled off, leading to a shift in market sentiment across global asset classes.
One of the key reasons behind the change in expectations is the resilience of several major economies. While inflation has declined from its peak in many regions, it remains above the targets set by most central banks. Policymakers are increasingly cautious about declaring victory over inflation too early. As a result, central banks appear willing to keep interest rates higher for longer to ensure that inflation is fully under control.
In the United States, economic indicators such as employment growth, consumer spending, and service-sector activity have remained stronger than expected. This strength reduces the urgency for immediate rate cuts from the Federal Reserve. Similarly, in Europe, policymakers have signaled that although inflation is gradually easing, underlying price pressures remain persistent. Central banks in several other regions are also maintaining a cautious stance, prioritizing stability over rapid policy easing.
For financial markets, the cooling of rate-cut expectations has created new dynamics. Bond yields have stabilized or moved slightly higher as investors adjust their outlook for future interest rates. Equity markets have also experienced periods of volatility, as the prospect of prolonged higher borrowing costs affects company valuations and investment strategies. Currency markets have reacted as well, with stronger interest-rate differentials supporting certain major currencies.
Despite the shift in expectations, it is important to recognize that the broader economic picture remains complex. Inflation trends, labor market conditions, geopolitical developments, and global trade dynamics will continue to shape central bank decisions in the months ahead. Markets are therefore closely monitoring every piece of economic data for clues about the future path of monetary policy.
In the end, while the initial optimism for rapid global rate cuts may have cooled, this adjustment reflects a more balanced and realistic assessment of current economic conditions. Investors who remain adaptable and informed will be better positioned to navigate the evolving financial landscape.

✨President Donald Trump officially nominated former Federal Reserve Governor Kevin Warsh to the Senate on Wednesday to be the next Chairman of the Federal Reserve (Fed). According to the White House's official announcement, Warsh's four-year term as Fed Chairman will begin on May 15, 2026, after Jerome Powell's current term ends. Warsh was also nominated for a 14-year term on the Fed Board of Governors, beginning February 1, 2026.
🔹Trump announced Kevin Warsh's nomination for Fed Chairman via Truth Social. He received widespread support from the Wall Street Journal, the Hoover Institution, and various Republican circles; his experience as a Fed Governor during the 2008 crisis was highlighted.
🔹The White House officially submitted the nomination to the Senate (White House Presidential Actions notice). This step officially initiated the confirmation process by the Senate Banking Committee.
🔹Jerome Powell's term as chairman ends on May 15, 2026. Warsh needs Senate confirmation to take office; confirmation is considered highly likely in the Republican-majority Senate, but there are obstacles in the process.
#WhiteHouseSubmitsWarshNomination