Today we talk about cryptocurrencies after the Fed’s rate cut🪙
After 4 years, the Fed finally announced its first rate cut of 50 basis points. The long-dull crypto market has seen a significant fluctuation after the interest rate decision was announced
Bitcoin surged from $59,000 to above $64,000
Ethereum rose from $2,200 to above $2,500
From the history of the previous cycle, in September 2019, when the Fed announced its first rate cut after many years, BTC was not affected by the good news in the short term. Instead, the monthly chart ended with a drop of 13.54%, from above $10,000 to around $8,300
After this rate cut, will the crypto market repeat history again? Or will it usher in a rising market after improved liquidity❓
I still prefer a waterfall-like decline!
