FED Interest Rate Cut Down Alt-coins and $BTC
The Fed cut interest rates by 25 basis points as scheduled, but the hawkish rate cut pushed the US dollar above 108, the Dow Jones fell over a thousand points, and the S&P recorded its largest rate cut decline since 2001. Gold plummeted nearly $60 during the session, and BTC dropped below $100,000.
Key Summary:
1. The Fed has no intention of holding $BTC
2. Further rate cuts can be made even if inflation is higher than the target.
3. It's unlikely to raise interest rates next year.
By the end of 2025, it is expected that the benchmark interest rate will be cut twice (25 basis points each time)
What is your opinion about this?
