Compared with the interest rate cut cycle of 2019-2020, Bitcoin will still be turbulent and there may be a wash. There is a possibility of a second retracement. The first interest rate cut began on July 31, 2019. This round of interest rate cuts is also the first and only interest rate cut cycle experienced by Bitcoin and the crypto market. The trend of Bitcoin price, Nasdaq index and gold price is shown in the figure below. Before the last interest rate cut (2020/3/15), Bitcoin had the well-known 312 crash, and the global market was also in mourning. But at this time, the Federal Reserve had already lowered the interest rate to 0.00% -0.25%, so it adopted a super-large-scale quantitative easing policy, and eventually liquidity overflowed to the crypto market, triggering the big bull market in 2021 #新币挖矿TON #美国7月PPI低于预期 #美国CPI数据即将公布 #加密市场反弹 #美联储何时降息？