Trump said that if he is re-elected on November 5, he will significantly reduce US interest rates. This statement has attracted widespread attention from the market. Although no specific policy details were provided, lowering interest rates could further stimulate the economy, focusing on promoting the growth of the crypto market.
Trump's Promise Former US President Trump said that if he is re-elected on November 5, he will significantly reduce US interest rates. This statement has attracted widespread attention from the market. Although no specific policy details were provided, lowering interest rates could further stimulate the economy, focusing on promoting the growth of the crypto market.
Fed's rate cut expectations According to CME's "Fed Watch", the risk probability of the Fed cutting interest rates by 25 basis points in November is as high as 99.3%. The market generally expects that the rate cut will bring greater capital inflows to the cryptocurrency market and improve investor preference.
Current market conditions According to Coingecko data, the total market value of the cryptocurrency market is currently $2.47 trillion, of which Bitcoin's market value is 54.8% and Ethereum's is 13.1%. This data shows that despite the substantial growth of the market, Bitcoin still dominates the market.
Conclusion In summary, there are many signs in the cryptocurrency market in the fourth quarter of 2024, and the overall positive trend is becoming increasingly evident. The interest of institutional investors, the advice of financial advisors, the optimistic outlook for the US economy, and the potential reduction in interest rates may inject new vitality into the market. As more investors pay attention to crypto assets, the future market performance is worth looking forward to.#starlink(contract ending in 6fd9)