On September 18, US time, the Federal Reserve announced a 50 basis point interest rate cut at its highly anticipated September interest rate meeting, lowering the target range of the federal funds rate from 5.25% to 5.5% to 4.75% to 5%.
Fed Chairman Powell said at a press conference that day that this was the beginning of a series of interest rate cuts. His statement clearly announced to the outside world that the Fed has officially ended the round of monetary tightening cycle that began in 2021 and entered a new loose monetary policy cycle.
First rate cut in 4 years
The Federal Reserve announced its latest monetary policy decision on September 18, US time, lowering the benchmark interest rate by 50 basis points to 4.75-5%. This is the first time the Federal Reserve has announced a rate cut in four years.
In its statement that day, the Federal Reserve emphasized that the substantial interest rate cut was due to "slowing job growth." Although inflation remained high to a certain extent, it had made greater progress in the expected direction.
The latest quarterly economic outlook data released simultaneously by the Federal Reserve showed that it believes that the inflation index will fall to 2.3% in 2024, and will further fall to 2.1% by 2025, reaching the long-term target of 2% in 2026.
The Federal Reserve's forecast for the unemployment rate is even more pessimistic: the U.S. unemployment rate will rise to 4.4% this year, remain at 4.4% in 2025, and gradually decline to 4.3% and 4.2% in 2026 and 2027. The long-term unemployment level will remain at 4.2%.
Based on its judgment of the inflation outlook and changes in the unemployment rate, the Federal Reserve believes that the federal reserve fund rate should be 4.4% this year, 3.4% in 2025, 2.9% in 2026, and maintained at 2.9% in the long term.
As a major Bitcoin holder on Wall Street, MicroStrategy has been buying Bitcoin again recently.
According to the latest SEC documents, MicroStrategy has purchased 18,300 bitcoins in the past month, with a total investment of about $1.11 billion, at an average price of about $60,655. Currently, MicroStrategy's total bitcoin holdings have reached 244,800, accounting for 1% of the total bitcoin issuance.
Three years later, MicroStrategy once again spent 1.1 billion to buy Bitcoin, which is undoubtedly a shot in the arm for the crypto market that has just shown signs of recovery.
Worldcoin (WLD)
Worldcoin (WLD) has quickly gained attention not only for its innovative approach, but also for its famous creator, the mastermind behind ChatGPT. This connection has sparked interest and speculation about the future potential of the project. WLD's focus on creating a globally inclusive cryptocurrency makes it a strong candidate for long-term growth, especially as the global demand for decentralized identity and financial access continues to expand.
The project’s focus on privacy, scalability, and widespread adoption makes it a potential leader in the evolving digital space. As more and more investors pay attention to the team behind Worldcoin, it’s clear that WLD will appreciate significantly in the coming years.
The project team announced earlier that most tokens would be locked for 4 years before being gradually released, so there must be opportunities for the tokens. The current price is 1.6, and the funds raised are 7.8, which means there are at least 5 times more returns.
Chainlink （LINK）
Chainlink is a decentralized platform that connects smart contracts to external data sources through a network of nodes. This means that smart contracts can interact with real-world data (such as payments or service bookings) while remaining secure and reliable.
In addition to real-time data integration, Chainlink also supports off-chain computation and cross-chain interoperability, making it available to dApps that require external data. Chainlink’s native cryptocurrency LINK is used to pay and compensate nodes that provide off-chain data and services.
Chainlink is built on the Ethereum blockchain, but also supports other blockchains. This flexibility allows it to deliver real-world data to DeFi projects on multiple blockchains. A recent major development was the launch of Chainlink's data feed on the Soneium Minato testnet, which is part of Soneium and Chainlink's SCALE initiative. In addition, Soneium plans to use Chainlink's Cross-Chain Interoperability Protocol (CCIP) as its core cross-chain infrastructure.
Link's this wave of altcoin pullback did not fall below the fund-raising zone and has outperformed many altcoins. Once it starts to rise in the later stage, it will outperform the market.
DogWifHat (WIF)
Despite signs of a turnaround for Bitcoin, which could lead to gains for top altcoins and memecoins like Solana, one analyst has a bearish view on DogWifHat (WIF).
According to Coingecko data, WIF is one of the most popular memecoins on Solana, with a market cap of over $1.5 billion, ranking in the top five.
As an emerging memecoin in the Solana ecosystem, WIF has attracted much attention for its unique dog-themed community. Internet culture and memecoin hit it off, and WIF has emerged in this trend.
With strong technical support and community power, WIF is expected to become a star token in the market cycle. With the endorsement of Solana technology, WIF has demonstrated the potential to explode in this round of market cycle.
