Has the cryptocurrency market surged due to the U.S. interest rate cut?

Since the wave of skyrocketing prices after the ETF approval at the beginning of the year, it has remained around 60,000. After the conference, it began to plummet again due to the uncertainty of the elections, and those so-called 'VC coins' have plummeted even more.

Which institutions are buying ETFs? Many sovereign funds, public funds, and family trusts have allocated certain assets into BTC.

Firstly, the expectation of U.S. Federal Reserve interest rate cuts leads to the depreciation of the dollar. Bitcoin has proven its digital gold attribute in the 15 years since its inception, capable of outperforming inflation;

Secondly, top institutions like BlackRock and Vanguard provide endorsements. If the coins are truly stolen, they have sufficient compensation capacity, unlike FTX, which directly went bankrupt.

So far this year, the vast majority of altcoins have not outperformed Bitcoin, with a market share of up to 60%; while old money only trusts BTC, and large institutions have nearly unlimited compensation ability.

Who are the super institutions in the cryptocurrency space? Undoubtedly, it is Binance, the largest exchange in the universe. CZ was fined over 4 billion USD by the U.S. without significant harm; this amount exceeds the FDV of many projects. Although Binance's current listing strategy includes quite a few VC coins, as soon as a coin is announced to be listed on Binance, it will definitely surge, as evidenced by the previous example of NERIO.

Now, however, NERIO's popularity has begun to decline, so it is crucial to have projects that continuously provide output to stabilize coin prices, though a poor market condition is beyond rescue.

Fortunately, after Binance accepted U.S. regulatory scrutiny, it proved that there was no misappropriation of user funds. CZ also confirmed this, and Binance exchange will have a fresh start. Therefore, before starting to stake projects or invest, thorough research is extremely important, and understanding the 'components' of a project will play a decisive role in whether one can make money in the future.

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