[Jinshi Data Compilation: Highlights of the Federal Reserve FOMC Statement and Powell’s Press Conference]
Bitcoin has become a consensus after being suppressed by various countries. Trump still supports virtual currency when he took office. This decline was caused by Powell's temporary mood, which is not a big trend.
[Jinshi Data Compilation: Highlights of the Federal Reserve FOMC Statement and Powell’s Press Conference] FOMC statement: 1. Statement Overview: The wording remained largely unchanged, with a vote of 11-1 to approve a 25 basis point rate cut, with Hammark supporting a pause in rate cuts. ON-RRP was lowered by 30 basis points. 2. Interest rate outlook: The “magnitude and timing” of further rate cuts will be considered. The median of the dot plot was raised, indicating that interest rates will be cut twice each in the next two years, but some officials have serious differences.
Why do some people advise against engaging in futures trading when entering the crypto space?
In the cryptocurrency space, engaging in futures (especially leveraged trading) is a very high-risk investment method. Futures trading allows investors to amplify their trade scales with minimal initial funds, but this amplifying effect also means that risks are magnified. Without effective risk management, investors may suffer significant losses, even completely losing their initial investment. Today, I want to share some valuable insights and trading philosophies, hoping to teach you how to fish, allowing novice traders in the crypto space to truly avoid detours and achieve financial freedom as soon as possible. 1. Understand the basic principles of futures trading
Bitcoin just won't drop, and altcoins just won't rise. Are we really experiencing a fake bull market?
Current landscape of the crypto market: Bitcoin dominance and the dilemma of altcoins In the current cryptocurrency market, the funding for Bitcoin mainly relies on the injection of traditional large capital. When this capital enters the market, it usually drives the price of Bitcoin up and boosts the overall market sentiment. However, the situation for altcoins in the market is different; issues of oversupply and liquidity, along with excessive speculation on certain coins, have led to a weakening performance in the market. Recently, we have also seen many new coins listed on major exchanges experiencing significant pullbacks immediately upon listing, with almost no profit-making effect, indicating that the market's liquidity is gradually drying up.
The ten truths you must understand to make money in the crypto market!
Let me reveal the ten truths of the crypto market to you. People often say: 'A day in the crypto market is like ten years in the real world. A decade of working may end up in vain, while a year in crypto can make you a millionaire!' But is that really the case? Indeed, the opportunities for getting rich quickly in the crypto market are more prevalent than in traditional industries, but the hidden risks are equally enormous! Many people follow the trend blindly, thinking they can get rich overnight simply because they see their friends making money. However, the low entry barriers lead more people to harbor the illusion of 'getting rich overnight,' while neglecting the importance of risk and awareness. As a seasoned player who has been fighting in the crypto market for many years, I have summarized (the ten truths of the crypto market) in hopes of helping everyone understand reality, avoid detours, and participate rationally.
The Potential Impact of the Federal Reserve's Interest Rate Cut on the Cryptocurrency Space
Firstly, the backdrop of the interest rate cut is that the Federal Reserve usually lowers borrowing costs to stimulate the economy, which means lower interest rates, making bank loans cheaper and increasing market liquidity. For traditional markets, this may lead to a rise in the stock market and a decrease in bond yields. But what does this mean for the cryptocurrency space? 1. Increased liquidity, which may benefit the cryptocurrency space An interest rate cut means more money in the market. The returns on bank deposits have decreased, so many funds will seek places to 'speculate' for higher returns. The attractiveness of traditional assets (like bonds and deposits) declines, and many people may shift their money to markets that are riskier but potentially offer higher returns, such as cryptocurrencies. Particularly, assets like Bitcoin, which are seen as 'digital gold,' often benefit in such macro environments.
A practical guide to making a small amount of money into a million in the cryptocurrency circle
Hello everyone, I am a professional speculator who has been working in the cryptocurrency circle for many years. Since I entered this world of cryptocurrency full of temptations and challenges in 2020, my initial capital was less than 10,000 yuan. But by virtue of my experience in altcoin investment and contract trading, and after countless market storms, I have achieved a cumulative profit of more than 10,000 times, and have established a firm foothold in the cryptocurrency spot and contract markets. In 2022 alone, I have earned more than 20 million yuan in the market. Although I entered the market in 2020, I really made a lot of money and started my professional cryptocurrency trading career in 2021. In the past four years, I have grown and transformed from an ignorant little leek, and because of this, I am well aware of the confusion and confusion of novices in this market. Today, I am not here to show off my achievements, nor to write about my personal legendary experience, but to record my trading journey truthfully and share the trading philosophy I uphold with everyone, hoping to light a beacon for novice friends in the currency circle, help everyone avoid detours, and embark on the road to financial freedom as soon as possible.
Infinite bullet micro strategy $MSTR has moved again, purchasing 15,350 BTC for 1.5 billion USD at a purchase cost of 100,386 USD. Currently, MicroStrategy holds a total of 439,000.
In the bright starry sky of the Ethereum ecosystem, the following projects shine brightly and are highly recommended: UNI, as the leader in the field of decentralized exchanges, has always stood at the forefront of the market wave and is indispensable. Its annual on-chain transaction volume is the leader, accounting for more than 65%. With excellent transaction efficiency and deep liquidity, it has laid a solid foundation for the DeFi transaction landscape, becoming the core hub for the circulation of digital assets, and leading the trend and future direction of decentralized transactions. LINK, which can be regarded as the leader of the oracle service of the entire network, weaves a data bridge between the blockchain and the outside world with unparalleled authority and reliability. In almost all scenarios involving the interaction between smart contracts and external data, LINK is the only choice. Its powerful data aggregation and distribution capabilities, such as sophisticated neural networks, have injected fresh real-world data blood into blockchain applications, driving the vigorous development of smart contracts in multiple fields, and are key elements in building a complex and efficient blockchain ecosystem. AAVE, sitting firmly on the throne of lending protocols, has reshaped the paradigm of crypto asset lending with innovative financial architecture and rigorous risk control mechanisms. On the stage of decentralized finance, AAVE has opened the door to borderless financial freedom for global users with its efficient and convenient lending process, flexible and diverse interest rate model, and stable and reliable risk control. Its native token AAVE also carries the core value and governance power of the protocol, and is a well-deserved value anchor in the field of DeFi lending. ENS, as a leader in the field of domain name services, outlines a clear digital identity coordinate in the vast sky of Web3. It cleverly transforms the lengthy and obscure Ethereum address into a concise and easy-to-remember domain name logo, which not only greatly optimizes the user interaction experience, reduces the operation threshold and the risk of error, but also deeply integrates into the Web3 identity authentication and authorization system, providing key underlying support for building a decentralized digital identity ecosystem. Each ENS domain name is a unique ERC-721 NFT asset, which contains unlimited innovation potential and investment value. It is a pioneering force in opening a new paradigm of digital assets in the Web3 era.