$BTC $ETH $BNB

Not cutting interest rates is actually a good thing

How you can buy cheap cryptocurrencies

Those who want to do the opposite of market news

If optimistic expectations for interest rate hikes are met with failure, the price will fall.

There was no hope of a rate cut anyway, and then a sudden rate cut

Market surge

Especially altcoins are very cheap right now

Michelle Bowman, a member of the Federal Reserve Board, said in a speech in the UK on the 25th that there are upward risks to the inflation outlook and that interest rates need to be kept at a high level for a period of time. The point where it is suitable to lower policy interest rates has not yet been reached. He also said that he does not expect any interest rate cuts in 2024 and changed the expected interest rate cut time to 2025. San Francisco Fed President Mary Daly pointed out on the 24th that higher interest rates are still needed to slow demand and inflation in the U.S. economy. She also mentioned that the Federal Reserve (Fed) is prepared to respond to a weak job market that needs a boost and inflation that is still above target, but admitted that it is not yet clear which scenario is more likely to occur. Investors are waiting for a number of data released this week, especially the PCE (Personal Consumption Expenditures Price Index) on the 28th. The U.S. 10-year Treasury bond yield was little changed during the session, staying flat at 4.246%. As for the 2-year Treasury bond yield, It rose slightly by 1 basis point to 4.747%.