Last night, one piece of news sent shockwaves through the entire financial world.

Kevin Hassett, a hot contender for the next Fed Chair, suddenly spoke out and made it clear he supports continued rate cuts. As soon as he said this, Wall Street analysts collectively pulled all-nighters to revise their prediction models—rate cuts went from "possible" to "a sure thing."

Just look at how crazy the current data is:

The CME FedWatch Tool shows the probability of a rate cut this week has soared to 89.6%, so it's basically a done deal. Major Wall Street banks like JPMorgan and Morgan Stanley, who were still preaching "wait and see" a few days ago, have all switched to betting on cuts. Nomura is even more aggressive, directly predicting one cut this week and another two next year.

Why has the wind shifted so fast?

Just look at the employment data—32,000 jobs were lost in the private sector in November, the worst performance in eight months. Signs of economic weakness are becoming more obvious, and the Fed has no choice but to act.

But things aren't that simple.

It's said that there's a lot of tension inside the Fed right now, and it's expected that four hawkish officials will strongly oppose a rate cut. Some board members are even calling for an immediate 50-basis-point reduction. This meeting could get very heated.

Hassett also revealed a detail, saying a "large amount of positive news" will be announced soon. This makes people wonder if it's related to certain policy adjustments. If that's the case, the 10-year US Treasury yield could have even more room to drop.

Goldman Sachs has an even bolder view—they believe this rate cut is just the beginning, and the ultimate goal could be to lower rates all the way to 3%-3.25%. In other words, the easing cycle is just getting started.

For the crypto market, the implication is self-evident.

History tells us that every time monetary policy shifts toward easing, Bitcoin reacts strongly. The real question now isn't whether prices will rise, but which assets this wave of liquidity will drive first.

Will BTC continue to lead the rally, or will ETH and altcoins take over and go parabolic? Share your thoughts in the comments.