As for the US stock market, it has been mainly rising recently. The minutes of the Federal Reserve meeting indicated that it might cut interest rates in September. According to the data of the Chicago Mercantile Exchange, there is a 100% chance of a rate cut in September. The current expectation of a 25 basis point rate cut is about 69.5%, and a 50 basis point rate cut is about 30.5%. No matter how much it is cut, it is a positive operation to increase liquidity for the market.

Can this wave of positive news directly promote the rise of Bitcoin? Will the dog dealer smash the market again before the big market comes, shaking off the chips of retail investors?

I don’t think that if the interest rate is cut in September, there will definitely be an upward driving force for Bitcoin, because Bitcoin has a high degree of similarity with US stocks, and in most cases it will follow the trend of US stocks. But I think the first benefit after the interest rate cut will definitely be the US stock market, because the US stock market is a more popular and more liquid secondary market. Then the redundant funds will come to the crypto and web3 circles. After all, most of the funds are first bought for high-quality assets, and then flow to the currency circle.