Since Bitcoin hit a record high of $73,000 in March this year, it has always lacked upward momentum. Multiple market declines have gradually dampened investors' enthusiasm, making people wonder whether Bitcoin can still usher in a new round of outbreaks! ! !

With the Federal Reserve (Fed) already saying that it is likely to start cutting interest rates in September, all current pullbacks in the stock market and cryptocurrency market will be short-lived:

Bauer's recent remarks are quite dovish, and he has made it clear that it is time to cut interest rates.

Although there are only three interest rate meetings left this year, the market currently believes that there will still be several interest rate cuts in 2024.

Any pullback in the stock market and cryptocurrency at present is short-lived. As Powell and the Fed start the interest rate cut cycle, the increase in global liquidity will eventually push up risk assets, and we are at the forefront.

So in this recent turmoil in BTC and ETH, do more short-term. Just wait for the outbreak!