Big news revealed!
The latest statement from the Federal Reserve is like a thunderbolt
It instantly changed the direction of the cryptocurrency market!
The originally calm cryptocurrency market fell into a cold due to this statement. Prior to this, the release of CPI data, the 3.3% increase was in line with market expectations, which once stimulated the enthusiasm of the market, and the price of cryptocurrency also rose accordingly. The Fed's decision to keep interest rates unchanged did not seem to have much impact on the market.
However, the situation has taken a sharp turn for the worse. The market's original optimistic expectations for the Fed's multiple interest rate cuts in 2024 have been completely broken, and now there is only the possibility of one interest rate cut. This is undoubtedly a heavy blow to the cryptocurrency market, and investors' confidence has begun to waver.
It is worth noting that although the dot plot may be adjusted in the future, the next release will be in September three months later. During this long waiting period, the cryptocurrency market will undoubtedly face tremendous pressure. Without the support of the expectation of interest rate cuts, market confidence will be severely challenged, and price fluctuations may be more intense.
Therefore, for the majority of cryptocurrency investors, it is necessary to keep a clear mind and a vigilant mentality at this time. Pay close attention to market dynamics, analyze market trends rationally, and make wise investment decisions. At the same time, we also provide you with more analysis and suggestions on crypto investment, welcome to visit our homepage to check it out!
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