The historical pattern of the market seems to be re-enacted. Whenever the Federal Reserve announces a rate cut, the U.S. stock market is the first to suffer a heavy blow, and Bitcoin cannot escape the fate of being cut in half, and the altcoin is facing the risk of returning to zero.
Since 2017, this law has recurred like an iron law, triggering widespread doubts in the market about the effectiveness of the Federal Reserve's economic policies.
This recurring market turmoil not only exposes the Federal Reserve's powerlessness in controlling the economy, but also indicates that the shadow of economic recession is quietly approaching. Investors' confidence in the Federal Reserve has also dropped to the freezing point, and market sentiment has fallen into a slump.
In the current complex market consisting of more than 3,000 cryptocurrencies, the excessive dispersion of funds makes it extremely difficult to find those currencies with the potential for a thousand-fold or hundred-fold growth. In this context, Bitcoin, as the main asset in the market, has become a safe haven for investors in turbulent markets with its relative stability and wide recognition.