Many people are asking Chong Ge why BTC and ETH have pulled back? Didn't the Fed cut interest rates? Why are they still falling? ?
Chong Ge will explain it to you here: interest rate cuts are just a meeting. The implementation process of interest rate cuts is usually decided by the central bank. The main steps include: first, assessing economic conditions and inflation levels; second, holding a monetary policy meeting to discuss whether to cut interest rates; finally, announcing the decision to cut interest rates and implementing it by adjusting the benchmark interest rate. The interest rate cut is intended to stimulate economic growth and promote consumption and investment.
Each of the above steps, including the subsequent adjustment of the benchmark interest rate, takes time, not so fast. The interest rate cut is good, but it does not mean that Bitcoin and Ethereum can keep rising! ! ! ! The financial market is up and down, nothing can keep rising, and a pullback is healthy!
Don't be FOMO, rising or falling is normal! #ć ćŻćžćșććŒč #BTCâ #ETHđ„đ„đ„đ„
