In the early morning of that day, Bitcoin fell, U.S. stocks fell, gold fell, and copper also fell. It is likely because the U.S. dollar will not cut interest rates for the time being. The U.S. claims that employment and economy are strong. Is the employment force too strong? Why does it feel more like the banker cooperates with the news to wash out the high leverage? In the past few hours, the cryptocurrency market has liquidated more than 300 million U.S. dollars!
The sharp rise in the U.S. dollar and U.S. Treasury yields truly reflects the significant cooling of the market's expectations for rate cuts. It is worth noting that the price of gold has been falling before the release of the Fed data. It seems that the price of gold is reacting to the data in advance, and it has occurred quite a few times, which is an interesting phenomenon. Bitcoin only began to fall sharply after a few hours. After such a reaction, it really forms an interesting pair with gold, which is the so-called digital gold!
The plunge in gold is usually a very dangerous signal! According to calculations, there will be a 20% correction in the US stock and cryptocurrency markets from the end of June to the end of August, and then the Federal Reserve will rush to save the market and cut interest rates for the first time in September. If there is no interest rate cut in September, there is still November. If there is no interest rate cut in November, there is still December. The script is already written! The news is obviously operated by the dog dealer. This interest rate cut expectation can still be played for half a year!
However, it is interesting that Canada has officially ended its ten-time interest rate hike cycle since the first rate hike on March 2, 2022 (from 0.25% to 5%), which also means that the wait-and-see period after the most recent rate hike on July 12, 2023 has officially ended. Canada will officially enter the rate cut cycle with a 25 basis point rate cut on June 5, 2024. The European Central Bank also recently announced a 25 basis point rate cut for the first time in five years!
Overnight, the two major economies of Europe and the United States all released expectations of interest rate cuts. This means that the US financial war against China will eventually fail. In terms of industrial chain and supply chain, Huawei's breakthroughs have made great contributions. Breakthroughs in chip technology and new energy vehicle technology have killed the West, keeping money in the country and supporting a large number of industrial chain workers. Europe and the United States have all cut interest rates, and a large number of US dollars are lying in the bank without interest. Where will the smart capital go? Of course, most of it will enter the currency circle!
When newcomers enter the cryptocurrency circle, they are most likely to be attracted by the frequent hot searches of Bitcoin and the money-making effect brought by MEME coins. So their first choice is usually these two. This is the value of the cryptocurrency circle: mainstream coins and altcoins may be more complicated for newcomers, but the popularity and money-making effect are clear at a glance. Ordinary people only pay attention to popularity and money-making effects!
Now only meme coins are likely to produce 100x coins. Recalling the last bull market, historical memes include shib pig raca floki babydoge, etc...
Community-based assets are the ones in the bull market cycle. Top memes such as doge, pepe, bome, wif, degen, floki, dino, etc. have proven to be the narrative assets with the highest returns. We firmly believe that there will be more interesting and fun meme assets to promote the liquidity and scale of the community.
There should be no prejudice against meme coins. Ordinary people must pay attention to meme coins. It is the only track for coins that can increase by hundreds of times, thousands of times, and tens of thousands of times. If you want to make millions or tens of millions from nothing in the cryptocurrency circle, meme coins are the only track that can achieve it. The only chance for small retail investors in the cryptocurrency circle to turn things around is to speculate in meme coins if they have enough vision.
