Lingered at $103,500 Bitcoin 
$101,831.62 price It reached its new daily peak and Fed member Miran is making statements at the time of writing. Trump made important statements today, and discussions about the bubble in technology stock growth brought about by artificial intelligence weakened somewhat on November 5. Although the weak recovery in cryptocurrencies is good, we need to see more. Now let’s look at what’s happening at speed from a broad perspective.
What Does Trump Want?
Although the closure issue seemed neutral for cryptocurrencies at first, it has now started to have negative consequences as it has exceeded 35 days. So the closure that is likely to end soon in cryptocurrencies It will help the rise. Saying that the closure was caused by the Democrats, Trump thinks that they were not condemned enough and that the Democrats should be held responsible for the problems caused by the closure.
When we look at the shutdown from the Trump side, we see that Democrats, especially those defined as radicals, do not show any interest in reopening the government. Today, Senate and House minority leaders announced that they want to meet with Trump. (minutes after Trump made this speech)
“I think these guys are kamikaze; they will take the country with them if necessary.” (They are willing to harm the country to achieve their goals.)
Trump cited some survey data and underlined that the shutdown caused a loss of votes for the Republican Party and emphasized that it has now turned into a powerful political weapon.
End the Filibuster
first of all What is filibuster? This “in the legislative procedure, senators make long speeches to prevent a bill from being discussed or voted on.” In other words, it means that the minority (with the 2024 election results, the minority became Democrats) is blocking the parliament. Democrats can achieve this because 60 votes are required and Republicans have 53 seats.
trump what does he want? He says let’s abolish this, that is, a simple majority, that is, 51 votes, should be sufficient instead of 60 votes, and we won’t have to convince the minority about the laws and let’s not let them tie our hands for 3 years.
But there are two problems. It is necessary to find sufficient support to change the rules within the Senate. Some Republicans do not like this because they may (they definitely will) fall into the minority in the future. That’s why Trump said things like, “I asked a question to one of the Chinese delegation and he did not answer me without permission from Xi. I wish the people around me were this respectful and listened to me.”
If Trump succeeds and ends the filibuster, he aims for things like voter ID and blocking mail-in voting. Saying that they can pass these laws in just 15 minutes, Trump argues that there will be no fraud in the elections.
Miran’s Statements
Fed member continuing his speech as the article was being prepared miran He pointed out that the decline in housing inflation is a hopeful detail (confirming the direction) of general inflation. Saying that market-based core inflation is very close to 2%, Miran believes that the risks posed by high interest rates are not taken seriously enough.
The important highlights of his speech so far are as follows:
“Better than expected ADP data It was a pleasant surprise. I think labor demand is still not as strong as we would like.
Labor market data suggests interest rates could be lower than current levels. Changing border policy is part of why growth levels are falling.
If tariff revenues disappear, this will affect the Fed’s policy.
interest rates I want to reach the goal faster than others. I think the policy is too restrictive, well above the neutral level. I am more optimistic about the inflation outlook than other Fed officials. Keeping the policy this restrictive creates unnecessary risks.”
