BTC falls below the $119000 mark

[Trump Administration Initiates Large-Scale Federal Employee Layoffs] According to Russell Vought, Director of the U.S. Office of Management and Budget, the Trump administration has begun implementing large-scale federal employee layoffs (RIFs). This year, the number of federal employees has already decreased by 200,000, and it is expected to decrease by another 100,000 before the end of the year. The scale of the layoffs and the specific affected departments have not yet been announced.

[Federal Reserve Overnight Reverse Repo Volume Drops to $4.124 Billion] The Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Friday was $4.124 billion, marking a new low since April 2021, further declining from the previous trading day's $4.496 billion.

HTX-BTC perpetual contract is now reported at $117678. According to market contract position analysis, the main force has strong confidence in the future and the price is expected to rise. Please hold positions reasonably and control risks

[Federal Reserve Official Mussailem Open to Rate Cuts] Federal Reserve official Mussailem stated that while inflation remains elevated and the labor market shows signs of weakness, the room for policy easing is limited. However, he is open to further rate cuts. He emphasized the need for cautious measures to avoid overly accommodative policies.

OKX-BTC/USDT is currently trading at $117969.50, with a 5-minute decline of 0.09%. Please be aware of the market fluctuations.