U.S. stocks, especially the Nasdaq index, big dump 2.29%

Crypto, $BTC fell to a new stage low, dropping below the 100,000 USD mark, and at one point fell below 98,000 USD.
The interest rate-sensitive $ETH had a big dump of over 6%, briefly falling below 3200 US dollars.

Behind it all is the Federal Reserve's monetary policy in the undercurrents.
The market initially thought that an interest rate cut in December was "set in stone", but now more and more decision-makers are starting to send cautious signals - it's not that they don't want to cut, but they're worried that inflation and employment can still hold up, so the pace may not be as fast as before.

Some key statements:
The President of the San Francisco Fed, Daly (who has always been dovish and firmly supports interest rate cuts), said: It is "too early" to discuss a rate cut in December.
Minneapolis Fed President Kashkari directly opposed interest rate cuts in October and leaned towards a wait-and-see approach for December.
Several non-voting officials (Atlanta Fed President Bostic, Cleveland Fed President Mester) also tend to keep interest rates unchanged.

The market's reaction is also very straightforward:
The probability of a rate cut in December has fallen back below 50%.

For the market, this uncertainty will continue to keep risk assets in a state of volatility.