Both BTC and ETH have risen a bit, but why did USDT fall?
USDT fell because the Fed cut interest rates, and RMB continued to strengthen after the rate cut! And the purchasing power of USDT has also fallen! When the prices of commodities such as crude oil and gold rise, they are often accompanied by currency depreciation. This is because rising commodity prices may trigger inflation, leading the central bank to adopt a tight monetary policy, which in turn affects the exchange rate. In addition, when investors seek safe-haven assets, they often turn to the commodity market rather than the currency market, further affecting the US dollar exchange rate.
So USDT will fall! And it will continue to fall, but it will come back sooner or later!
Let's talk about MEME. It is one of the main tracks for multiple ecosystems to compete. There are many potential opportunities. There will definitely be several MEMEs that create a big myth! From Bitcoin inscriptions ORDI and SATS, to Solana's BOME and WIF, and then to Sun Ge's TRON's SUN, each ecosystem's MEME can trigger a round of public opinion and wealth creation stories!
Binance and BNB Chain have also increased their support for MEME in the past month. At this time, DODO has strongly intervened in the MEME track, with a 40% increase in one day, which deserves special attention.
