At three o'clock in the morning, the highly anticipated CPI interest rate meeting is about to begin. Current prediction data shows that as high as 97.1% of people expect this meeting to lower interest rates by 25BP, bringing the rate down from the current 4.75% to 4.5%.
This round of interest rate cuts is positive news for the cryptocurrency market.
However, the current market seems to have already anticipated this positive factor.
Additionally, given that there are forecasts predicting a pause in interest rate cuts in January, the market may also react to this forecast in advance. However, the final outcome is still uncertain and will depend on the actual announcement.
In terms of market performance, apart from Bitcoin continuously reaching new highs, only a few popular coins have seen capital inflow to boost prices, while most altcoins remain sluggish, making trading quite difficult.
Everyone is looking forward to when this situation can be reversed. The price of Bitcoin continues to rise under the stimulus of positive news, breaking through key resistance levels.
