Friends, the Federal Reserve recently cut interest rates, which was a big shock to the financial market, especially for Bitcoin (BTC) that we are paying attention to, and it triggered a series of chain reactions.
In simple terms, interest rate cuts mean that there is more money in the market and loans become easier. As a result, the return on traditional investment channels may not be so attractive, so some funds begin to look for new ways out. BTC, as a leader in the cryptocurrency market, has naturally become a new choice for many investors.
Moreover, the interest rate cut will also lead to the depreciation of the US dollar. As we know, the prices of cryptocurrencies such as BTC are usually calculated in US dollars. Once the US dollar depreciates, the relative value of BTC will increase, and the price will naturally rise accordingly.
In addition, interest rate cuts can also boost investor confidence. People become more optimistic about the economic outlook and are more willing to invest in riskier assets. BTC is like a star at this time, attracting the attention of many investors.
Let's wait and see what the market will look like in the future! #BTC #美联储宣布降息50个基点
