"The quality of decisions depends on the information you have and your ability to process that information. — Ray Dalio, Founder of Bridgewater Associates --(Principles)"
As predicted in previous articles, the Federal Reserve announced a 25 basis point rate cut at midnight. The benchmark interest rate was lowered to 4.5% to 4.75%, marking the second rate cut since September, which was unanimously agreed upon by all officials—the Federal Reserve believes it is currently necessary to stimulate the economy through rate cuts, despite improvements in the job market, which remains low.
At the same time, it pointed out that inflation is gradually approaching the annual target of 2%, but still below the ideal level. The Federal Reserve stated it would be committed to achieving full employment and a long-term 2% inflation goal to ensure a smooth economic transition.
Bitcoin price is close to $77,000!
After the rate cut, the Bitcoin price continued to rise, breaking through the newly established high to reach a new historical high of $76,999.
New record for net inflow into BlackRock's Bitcoin spot ETF!
Funds have once again flowed into Bitcoin spot ETFs at an unprecedented rate. BlackRock recorded a net inflow of $1.1 billion yesterday (accounting for 82% of the total inflow of Bitcoin spot ETFs for that day, with total net inflows for spot ETFs around $1.359 billion).
This is just the performance of the Bitcoin spot ETF, while the inflow of the Ethereum spot ETF also hit a record high on the same day, nearing $80 million.
With Trump's election as president, the narrative around decentralized finance (DeFi) is increasingly aligning with a friendlier regulatory environment. The outstanding performance is not limited to Ethereum; Solana (SOL) is also performing well, with its price breaking through $200, and the ecosystem experiencing explosive growth.
Bitcoin has continuously set new highs, so savvy investors will start investing in altcoins and extracting the returns they desire from the market!
Note: All content represents the author's personal opinion only and is not investment advice, nor should it be interpreted in any way as tax, accounting, legal, business, financial, or regulatory advice. Before making any investment decisions, you should seek independent legal and financial advice, including advice on tax implications.
