Will there be two rate cuts this year? Is the big crash altcoin season really coming?
The non-farm data released by the United States yesterday was lower than Wall Street's expectations, and the labor market cooled further, adding to signs of slow economic growth in the United States. Most economists predict that the Federal Reserve may cut interest rates twice starting in September
#btc As one of the risky assets, it may stand at the integer mark of $100,000 in the next two or three months. In addition, #BNB has also soared, with a market value of over $100 billion, surpassing Starbucks and Meituan.
In the past bull market, Ethereum will rise only after Bitcoin has risen, and then the altcoins of various sectors will rotate. At present, the Federal Reserve has not cut interest rates, and it feels that more funds have not poured into the currency circle.
Finally, the spot ETF of ETH has not been approved, so the current rise of altcoins is more of a short-term event stimulus, which is not enough to constitute a long-term continuous market.
