Foresight News takes you through this week’s hot topics and recommended content:
01 The Federal Reserve cuts interest rates
"The Federal Reserve cuts interest rates! Is the crypto market poised for a rise?"
02 Impact of the US Election
"How will the US election, which everyone is talking about, affect the crypto market?"
03 Industry Insights
"Bitcoin in BlackRock's Eyes: Risk and Return Drivers Are Very Different from Traditional Assets"
Bitwise: Ethereum is sluggish, but it's a good contrarian bet
"The infrastructure opportunity window has passed, and the future belongs to applications?"
04 Project Observation
"Reshaping the BTC Ecosystem Blueprint: exSat's Path to Innovation"
"With $15 million in funding, how does Hemi build L2 for Bitcoin and Ethereum?"
"Gold Rush Manual | How to efficiently plan Suilend airdrop?"
Unlocking "Minichain": How does Nubit leverage the "billion-level" future of the integration of Web2 and Web3?
01 The Federal Reserve cuts interest rates
After four years, the Federal Reserve finally announced its first interest rate cut of 50 basis points at the early morning meeting on September 19. After the long-dormant crypto market interest rate decision was announced, it once again saw a significant fluctuation. Recommended articles:
"The Federal Reserve cuts interest rates! Is the crypto market poised for a rise?"
The possibility of a U.S. economic recession, which the market is generally worried about, has become smaller, and the possibility of a soft landing is increasing.
The interest rate cut will have a lasting positive effect on risky assets. Although it may not be effective immediately, as time goes by and the interest rate cut continues, the liquidity of the market will begin to flow out of bonds, banks, etc. and flow into stocks, cryptocurrencies and other markets.
In addition, the upcoming US presidential election in early November this year will also bring short-term shocks to the crypto market. After the results are officially announced, off-market funds that have been waiting and watching may begin to continuously inject into the crypto market.
The current spot market trading volume is still in a downturn, and generally fluctuates around US$60 billion. Apart from the short-term sudden fluctuations caused by special macro events, the market liquidity is still mediocre.
02 Impact of the US Election
The Bitcoin halving event, which takes place every four years, has had little impact on the price of BTC. So, does the US election have any impact on the crypto market? Recommended articles:
"How will the US election, which everyone is talking about, affect the crypto market?"
Although its impact on the election is not significant in the long run, it has shown a considerable impact in the short term.
On the morning of July 14, candidate Trump was assassinated. BTC rose 2% that day, breaking through the $60,000 mark, and rose again by 6% the next day to around $65,000, and then fluctuated upward.
On July 28, Trump attended the highly anticipated Bitcoin conference. Subsequently, the market paused and the negative news appeared after all the positive news had been released. On July 29, Bitcoin began to decline all the way after just rising above $70,000, and there was even panic selling in early August.
On August 23, when independent presidential candidate Robert Kennedy Jr. suspended his campaign and endorsed Trump, Bitcoin soared from $60,000 to around $65,000, a single-day increase of more than 6%.
03 Industry Insights
"Bitcoin in BlackRock's Eyes: Risk and Return Drivers Are Very Different from Traditional Assets"
Bitwise: Ethereum is sluggish, but it's a good contrarian bet
"The infrastructure opportunity window has passed, and the future belongs to applications?"
04 Project Observation
"Reshaping the BTC Ecosystem Blueprint: exSat's Path to Innovation"
"With $15 million in funding, how does Hemi build L2 for Bitcoin and Ethereum?"
"Gold Rush Manual | How to efficiently plan Suilend airdrop?"
Unlocking "Minichain": How does Nubit leverage the "billion-level" future of the integration of Web2 and Web3?
