ETH - 528BTC

Expand As divided as America is, so is ETH. No sooner had Trump declared, "It's too late for rate cuts," than Powell responded, "The Fed is independent." These two echoed each other, practically tearing American politics in two. The trigger for Ethereum's sharp drop was the "magical" revised non-farm payroll data. The non-farm payroll data is a crucial indicator of the job market and a key indicator of the Fed's resolve to cut rates. But the irony is that the combined figures for May and June plummeted from 291,000 to just 31,000. To see how dire the employment situation is, consider the probability of a September Fed rate cut: it soared from 45% to 75%. But here's the problem—the magnitude of the data manipulation is so outrageous that everyone is calling it "fake data combined with political manipulation." Trump, the Fed, and the Department of Labor—each one looks more like a makeshift team than the other. For risky assets, the positive impact of rate cuts can't mask the veil of uncertainty. #ETH is in a huge Shura field right now - whales are selling crazily due to bearish sentiment, while those who are long are still wondering "is this the bottom?"