Today, all kinds of coins are rising, and it seems that few are falling. The fragrance of rice flowers says that there will be a good harvest, and the frogs are croaking.
The first interest rate cut in 4 years, the crypto market performed well. The wait for this interest rate cut lasted for four years, but the financial market performed differently before and after the announcement of the interest rate cut. The three major U.S. stock indexes all turned to decline, erasing the gains since the Fed announced its interest rate decision. In addition, spot gold has also completely given up the gains since the Fed’s interest rate decision was announced. On the other hand, the crypto market rose across the board, and BTC once rose by more than $62,500.
The news landed, with a 50 basis point interest rate cut. In his subsequent speech, Powell tried his best to appease the market’s sentiment, indicating that the U.S. economy is strong and there is no economic recession.
The general direction of the market is upward. As far as altcoins are concerned, the differentiation between strong and weak will become more obvious, which will test everyone's ability to choose coins. You should buy altcoins with hype expectations, have sector awareness, follow the hot money, and ambush the next possible hot spot after a wave, so as to increase the funds. I hope that altcoin bulls can have a good time for a while!
Haha! I believe everyone has heard that the world is a makeshift team. If a 50% interest rate cut cannot wake up you who are bearish, then there is no need to believe in cryptocurrencies.
Of course, in a sense, the US economy affects the world economy, but it will take time for the water to flow into the market. It is only a decision at present, and it still needs to cooperate with complex processes to be truly implemented.
Therefore, the possibility of rising too high in the short term will not be too great, and the entire financial market is pulling up funds, not just flowing into the crypto market, so diversion takes time, and don't listen too much to those who brag about 100,000 or 200,000 US dollars.
If you have money, just hold it. There is no need to Fomo. Wait for you to rush in for a deep wash, and wash you out and stop loss at the lowest point. Isn't it very uncomfortable? The current market situation is very clear. With such a major positive factor, the market will definitely rise. As for how far it will rise, it depends on the determination of the dealers.
