The 50BP rate cut has already been implemented. Judging from the current reaction, Bao’s speech has boosted the market’s expectations for the upcoming economic recession. So the next wave of BTC’s rising trend should also be about to begin.

The reason why I say it is about to start is that I think it is a bit hasty to pull up immediately at the current time point. The interest rate cut has just been implemented, and the market reaction needs further observation, so I think Bitcoin should have another wave of correction before it really starts to rise.

A 50 basis point rate cut does not necessarily mean that "the Fed has seen recession signals that have not yet been made public"; this is more of a speculation by the market or the media.

However, a 50 basis point rate cut clearly demonstrates that the Fed is willing to act before more adverse economic data emerges and to cut rates more aggressively to enhance economic resilience.

On the one hand, we are faced with speculation about a recession that remains uncertain; on the other hand, the Federal Reserve has clearly sent a positive signal - stabilizing the market through active interest rate cuts.

Therefore, it is difficult to predict the specific direction of the market in the short term, and there may be uncertain fluctuations in the next few weeks. But in the long run, I think this is a positive factor.

One of the Federal Reserve’s core goals is to maintain financial market stability, and its decision to cut interest rates significantly in advance was precisely to prevent the market from deteriorating.

Therefore, the market will most likely move upward gradually amid fluctuations and show a more stable trend over time.

The Fed’s interest rate cut has landed! Invest in 4 cryptocurrencies to become a millionaire in the future bull market!

1. OK

Ondo Finance is making waves by combining the stability of traditional finance with the innovation of blockchain technology. The focus is on tokenizing physical assets and providing new ways to access high-quality financial products. With the support of well-known partners such as BlackRock and using Coinbase for secure asset management, Ondo puts trust first.

Their commitment to transparency and regulation is strong, allowing users to clearly understand their activities. Ondo’s USDY product stands out for combining the benefits of a stablecoin with the returns backed by U.S. government bonds. As the altcoin season arrives, Ondo Finance may provide an exciting opportunity for investors seeking regulated and transparent financial options in the evolving cryptocurrency landscape.

2.VET

VeChain provides a blockchain platform focused on supply chain transparency. It stands out for its ability to associate unique IDs with products, allowing them to be tracked in industries such as food, fashion, and automotive. VET is the native token and has made it into the top 40 by market cap and has a high adoption rate. VeChain's proprietary blockchain, VeChainThor, uses Proof of Authority to verify transactions.

Founded by Sunny Lu in 2015, it transitioned from an Ethereum token in 2018 and has partnered with big names like BMW. While the rewards for staking may not be huge, VeChain’s partnerships and technology solutions show the potential to grow as blockchain adoption spreads across industries.

3.IOTA

IOTA is gaining attention as it prepares for the IOTA 2.0 upgrade in 2024. It uses a unique system called Tangle, which allows for secure and instant data exchange. This system is different from regular blockchains. IOTA supports smart contracts like Ethereum, allowing developers to build decentralized applications. It also provides tools to create custom chains and digital identities.

The upcoming upgrade promises to improve decentralization and is designed to power the future economy. As interest in Web3 grows, IOTA is expected to play a key role in this space. Its architecture can attract individuals and companies interested in a secure and decentralized future.

4.SUN

Solana (SOL) is currently going through a challenging period, trading between $126 and $139. However, the token has been proving its resilience and any positive momentum shift could spark a massive rally.

Resistance is at $146, and a break above this level could lead to further gains to $159, a potential growth rate of over 23%. While bears are currently in the driver’s seat, Solana’s strong ecosystem and potential for gains across the board make it a coin to watch as a shift in sentiment could quickly push prices higher.