After the release of non-agricultural and CPI and Bao's speech, the seven major technology stocks in the US stock market fell, and the market value disappeared by 600 billion US dollars. For the cryptocurrency circle, such a scale is equivalent to directly killing 30% of the market value, but it did not fall much yesterday. This morning, the Japanese and Korean stock markets also fell sharply, which shows that the US dollar is expected to weaken. If the US stock market continues to fall tonight, or even plummets, the cryptocurrency circle may still be able to take advantage of the long position, and the long-short ratio is too high. However, capital will always find a way out, so if there is another spike at such a low position, then the next few weeks will be a critical moment. With the listing of Ethereum ETFs, perhaps the copycat will start to take off.

The last time when the speculation about the interest rate cut was expected to be three times this year, most of the coins were several times higher than now, so will the speculation about the interest rate cut this time also lead to a fomo market? The interest rate cut may eventually stop at an interest rate of about 3%, which is about the same as inflation. So can this bull market be compared with the last one? Last time, the interest rate was almost zero and a large amount of money was printed and distributed. The currency circle was like a flood. Many people had already left the circle last time. This time, not only do we need to let the water flow in after the interest rate cut, but we also need to grab the status of US stocks and gold, so that the currency circle will rise again.

This bull market will be long, and many currencies will die. Look at how many currencies Binance has delisted. In addition, more rules for supervision and compliance will be introduced, and more currencies in the cryptocurrency circle will have ETF status. It is not ruled out that a basket of currencies will be listed on ETFs. Therefore, in the future, you need to pay attention to whether it has the opportunity to become a coin promoted by major capitals. For Bitcoin to reach one million US dollars, it only needs to move 6% under the existing financial volume. This status may really require the support and recognition of capital and some leaders.$BTC $ETH $SOL #sui #Uni #xrp

The speculation of interest rate cuts has started again. After the interest rate cut, some funds will withdraw from the United States. So where else in the world is suitable to take over this part? A-shares? Hong Kong? Gold? Europe? Singapore? Dubai?