#比特币市场波动观察
Why did Bitcoin still fall sharply after the interest rate cut?
Powell, that guy, Bitcoin wilts with one sentence. To put it bluntly, the Fed does not intend to be a "leek in the currency circle". Once this news came out, the market was half cold.
Interest rate cut? It was cut. But the amplitude was small, from 100 to 50, which is like no cut. What's more, he also hinted that the pace of interest rate cuts will be slower in the future. Inflation expectations have been raised and unemployment expectations have been lowered. This clearly tells everyone that the economic situation is not so optimistic. It is too risky to continue to release water.
Bitcoin, this thing, is tied to the same rope as the monetary policy of the Federal Reserve. As soon as the Federal Reserve tightens, Bitcoin trembles. This time, Powell's words directly lifted the underwear of Bitcoin. Market expectations have changed, funds have withdrawn, and prices have naturally fallen. In this situation, who dares to easily buy at the bottom?
The strong trend of the US dollar has made Bitcoin even worse. In the final analysis, it is the macroeconomic environment that is at work. Bitcoin, now looking at it, is a bit like an abandoned young wife.