Interest Rate Cut of 25 Basis Points
On November 8, the Federal Reserve announced a cut of 25 basis points to 4.5%-4.75%, in line with market expectations. This decision was unanimously passed, the policy statement's wording remained largely unchanged, and it continued to emphasize close monitoring of the risks to its dual objectives, but removed the phrase "more confident that inflation is sustainably moving toward the target." It did not provide a clear signal about future rate cuts nor commented in any way on the outcome of the U.S. elections.
The next rate cut is expected on December 9. So far, the BTC bull market has continued with capital inflows driven by the rate cut, along with the relaxed policies towards the crypto market under Trump's administration. This could be the longest and largest bull market in history, with the market value of cryptocurrencies potentially catching up to gold. After this bull market, the next one in the crypto space might be similar to the big A shares, so everyone should seize the opportunity of this bull market! For those trading spot, don’t get left behind, and for those trading contracts, focus on the major trends.
