"The Fed cuts interest rates, and the crypto market has new opportunities"

On September 19, 2024, the Federal Reserve announced a 50 basis point interest rate cut. This move was like a boulder falling into the water, stirring up thousands of waves in the crypto market. Bitcoin rushed from $59,000 to above $62,000, Ethereum also broke through $2,400, and altcoins also benefited, with SEI and BLUR soaring. The market generally expects that the Federal Reserve will continue to cut interest rates in the next few months, which will have a lasting positive impact on risky assets. As liquidity flows from bonds and banks into the crypto market, the market is expected to clear the haze.

Crypto KOL Lark Davis believes that 2025 is the peak of this cycle and should be sold in time, citing factors such as the global liquidity cycle and China's credit cycle. Glassnode pointed out that the Bitcoin market is in a stagnant period and supply and demand are not active. Hyblock Capital said that the deep exhaustion of the Bitcoin market may indicate a bullish price.

Ethereum is trading between $2,240 and $2,430, and a breakout above the $2,543 resistance level could trigger a surge. Solana is in a challenging period, but it has a strong ecosystem and is expected to rise sharply above the $146 resistance level. Ripple is showing signs of a bullish reversal and could rebound above the $0.64 resistance level. IO.NET, as a decentralized GPU network, gathers a large amount of computing resources and has a bright future. Avalanche has fallen in the past six months, but a breakout above the $26.90 resistance level could lead to a rise. Under the influence of factors such as the Fed's rate cut and the US presidential election, the future direction of the crypto market is full of variables, and investors need to be cautious in seizing opportunities.

#Super-positive market outbreak,