The "small non-farm" data is shocking, and the Fed may cut interest rates twice?

1. The latest "small non-farm" data released by the United States is lower than Wall Street's expectations, indicating that the labor market has further cooled, exacerbating signs of slowing US economic growth. Economists predict that the Federal Reserve may start cutting interest rates in September and cut interest rates twice in succession, bringing major changes to the market.

2. Risk assets will usher in huge benefits. Bitcoin, as one of the best, is expected to break through the astonishing mark of $100,000 in the next two or three months. In addition, Binance's platform coin BNB is also unstoppable, with a market value of more than $100 billion in one fell swoop, surpassing Starbucks and Meituan, which is remarkable.

3. Other altcoins have also risen sharply, but it is too early to judge the full arrival of the altcoin season. Historical experience shows that Bitcoin is often the pioneer of the bull market, followed by Ethereum, and finally it is the turn of altcoins in various sectors. At present, the Federal Reserve has not yet started to cut interest rates, and more funds have not yet poured into the currency circle on a large scale.

4. Ethereum spot ETF has not yet been approved, so the current rise of altcoins is more stimulated by short-term events and is not enough to support a sustained bull market.

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