On Tuesday (October 15), the US dollar index maintained a bullish position at 103.19, and gold fell to the $2648 level. Federal Reserve officials took a hawkish stance, and were impacted by strong employment and Consumer Price Index (CPI), with the reduced frequency of rate cuts already reflected in prices. Bitcoin violently surged past $66,000, reaching a high of $66,330 before a slight retracement. US Vice President Kamala Harris announced support for cryptocurrencies during her campaign, while the family of Republican presidential candidate Donald Trump registered over 0.1 million users for the decentralized finance (DeFi) project World Liberty Financial (WLFI).

Harris announces support for Bitcoin and the cryptocurrency market in her campaign.

Harris continues to show favor to the cryptocurrency community, as part of her 'Opportunity Economy' agenda. CoinTelegraph points out that since the start of Harris's campaign, her image as part of the anti-cryptocurrency regime in the US seems to have softened.

Ripple co-founder Chris Larsen donated around $1 million to the Harris-Warren 2024 presidential campaign.

Different wording was used in documents related to the event in Erie, Pennsylvania on Harris's campaign website, stating that those 'who own' cryptocurrencies will also be protected. This implies that her plan includes protecting ownership of cryptocurrencies rather than restricting or eliminating them.

"Supporting a regulatory framework for cryptocurrencies and other digital assets to protect the investment and ownership of these assets by the Black community."

The number of registered users on the whitelist of the WLFI project supported by the Trump family has exceeded 0.1 million.

According to The Block, the DeFi project WLFI supported by the Trump family announced that its whitelist registration has exceeded 0.1 million and has hired Rich Teo, co-founder of Paxos, as head of stablecoins and payments. It is currently unclear whether he has left his position at Paxos.

WLFI tokens will officially go on sale on October 15th, Eastern Time in the USA, aiming to raise 0.3 billion US dollars, with a total token valuation of 1.5 billion US dollars.

In addition, a 'gold file' will also be released on Tuesday.

The first phase of WLFI's plan is to launch a decentralized lending platform similar to Aave on the Ethereum Layer 2 network Scroll, supporting lending transactions for Bitcoin, Ethereum, and stablecoins. Subsequent stages include integration with exchanges, Know Your Customer (KYC) verification, and the tokenization of real assets for compliance operations.

Donald Trump Jr. criticized the traditional banking system in the United States as a 'Ponzi scheme' during the live broadcast, emphasizing that decentralized finance can bring a more inclusive financial system.

Regarding token distribution, 63% of WLFI tokens will be available to the public starting on October 15th. The remaining 17% will be used to reward users, and 20% will be allocated for team compensation. WLFI will be open to qualified investors in the USA, qualified investors in the United Kingdom, and investors outside of these countries.

According to data from the large cryptocurrency betting platform Polymarket, Trump's win rate in November reached 55%, while Harris lagged significantly with 44.4%.

The "hawkish" stance of the Federal Reserve and inflation data pressured interest rate cuts significantly in November.

Expectations of a looser monetary policy by the Federal Reserve have been influenced by strong employment and CPI data, with the reduced number of rate cuts already reflected in prices, boosting the bid for the US dollar index.

A Federal Reserve spokesperson holds a cautious stance on rate cuts and still relies on data.

Minneapolis Fed President Neel Kashkari calmed the markets later on Monday, reaffirming the Fed's data-dependent stance and reiterating the consensus among Fed policymakers on the health of the US economy, including the continued easing of inflation pressures and the ongoing health of the labor market, despite a slight increase in the overall unemployment rate in the short term.

Federal Reserve Board member Christopher Waller noted on Monday that recent US inflation data was "disappointing," hinting at the possibility of a faster pace of rate cuts in the future while balancing between accelerating the rate of rate cuts and maintaining a cautious approach to the current pace of rate cuts.

Last week, overall CPI in September rose as expected, with core CPI slightly higher than expected. The super-core inflation rate remained unchanged year-on-year at 4.3%, indicating persistent price pressures.

It is expected that the US retail sales data to be released on Thursday will show that consumer spending will continue to be robust, supported by favorable economic conditions.

周四的商业库存和工业生产报告将提供有关整体经济活动的见解。

Visa Europe's payment volume was $371 billion. The previous year's financial report for Visa did not include European operations. Technical Analysis

FXStreet分析师Patricio Martín表示，美元指数保持上涨势头，指标表明在关键的100日SMA附近出现超买情况。话虽如此，Relative Strength Index(RSI)和移动平均线收敛散度(MACDApproaching overbought territory, indicating a possible correction.

ResistanceLocated at 103.00, 102.50, and 10.30, resistance is at 103.30, 103.50, and 104.00.

Gold Technical Analysis

FXEmpire analyst Vladimir Zernov stated that as the US dollar rises against a basket of currencies, the price of gold retreated from its intraday high.

If the price of gold falls below $2650, it will drop to $2625. From a technical perspective, gold is still below the key resistance levels of $2675-2685.

Bitcoin Technical Analysis

Cointelegraph pointed out that the price of Bitcoin is showing a bullish trend, easily breaking through the notable resistance level of $65,000. This indicates that the bulls have returned to the market and are prepared to challenge the next resistance level of $66,500.

Historically, October is the most bullish month for Bitcoin. The rebound on October 14 pushed the monthly gain up to 4%, sparking hopes that the worst period may be over. Analysts predict that if Bitcoin breaks above the $70,000 resistance level, its momentum will strengthen.

CoinShares' 'Digital Asset Fund Flows Weekly' report released at the beginning of the week shows that inflows into Bitcoin investment products reached $0.419 billion. The company's research director, James Butterfill, stated in the report that the inflow of funds into crypto investment products is mainly influenced by the US election rather than monetary policy prospects.

Bitcoin sellers have been trying to push the price below the 20-day moving average of $62,500 since the weekend, but the bulls have held their ground and started a strong rebound at the beginning of the week.

Bitcoin faces resistance at $66,500, but if buyers do not allow the price to remain below $65,000, the possibility of a breakthrough will increase. The currency could then quickly rise to $70,000. Sellers are expected to strongly defend the range between $70,000 and $73,777.

The time for the bears is running out; if they want to bounce back, they must pull the price below the moving average. If they do so, the psychological key support level of $60,000 may be tested.