On the 12th, the European Central Bank lowered interest rates by 25 basis points as expected, marking the fourth rate cut of the year, reducing the deposit rate by 25 basis points to 3%, while also removing the language of maintaining a 'restrictive' rate, opening the door for further rate cuts next year.
On the 12th, the Swiss National Bank unexpectedly cut rates significantly by 50 basis points, while the market had expected a 25 basis point cut. On the 11th, the Bank of Canada cut rates by 50 basis points. The Fed's counterparts have all turned dovish, adding expectations for rate cuts next year in their statements.
Whales are entering the market! Tether has issued another 1 billion USD in USDT! This hot money is being quickly transferred by institutions to major exchanges, signaling that a new wave of buying is about to arrive!
Institutions are really aggressive, having issued 1 billion USDT, and now they're back again today. It seems the second wave of the main upward trend should not be far off, so please be patient and wait with me! #BTC☀
Bitcoin bull market cycle rules, if you don't know, please share and save this.
In 2012, Bitcoin halved for the first time, and the bull market ended at the end of 2013.
In 2016, Bitcoin halved for the second time, and the bull market ended at the end of 2017.
In 2020, Bitcoin halved for the third time, and the bull market ended at the end of 2021.
In 2024, Bitcoin will halve for the fourth time, and the bull market will end at the end of 2025.