Normally, the Federal Reserve will decide on interest rates on November 8, cutting interest rates by 50 basis points. What will happen to the market?
First: The election + a 50 basis point interest rate cut will definitely stimulate a surge in the BTC market. At this time, it will not be a big deal to effectively break through 74,000 and rise to 100,000 US dollars predicted by institutions such as BlackRock and Boston Consulting. At the same time, many altcoins will also usher in a good market, and there will be a lot of 10 times the coins after the 8.05 tragedy.
Second: After the interest rate cut, funds gradually need a place to hedge and make money. The approval of BTC spot ETF and BTC option ETF means that this is the best and only choice for big funds.
Third: In the short term, altcoins will have a good rebound, but this round of altcoins is unlikely to usher in a general rise like the previous round. When we enter the market at this time, we must see which track the big funds and hot funds are in. The real general rise or crazy rise may be after the end of the year.
