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Expectations of a rate cut by the Federal Reserve are rising, and the callback of altcoins in the cryptocurrency circle has attracted attention
The current market is still in a weak shock. Although the performance of Big Pancake Auntie is relatively stable, many altcoins have shown a significant callback, and the prices of many currencies have returned to the starting point.
The market atmosphere has become tense, and investors are generally panicking. This Wednesday will usher in the release of key CPI data, and the interest rate decision of the Federal Reserve will also be announced. The suspense of interest rate cuts or interest rate hikes has touched the market nerves.
The positive impact of interest rate cuts on the cryptocurrency circle cannot be ignored. Interest rate cuts mean that more funds will flow into the market, and investors tend to turn bank deposits to the investment field, thereby increasing market liquidity and investment activity. This will not only help increase the overall amount of funds in the market, but also further promote the development of the cryptocurrency circle.
If the Federal Reserve chooses not to cut interest rates, it may face the risk of rising unemployment and fall into a vicious cycle. Therefore, considering many factors, interest rate cuts seem to have become an inevitable trend.
Overall, the market outlook remains optimistic. Regardless of whether the Federal Reserve cuts interest rates, we should realize that we are still in the mid-term stage of the bull market. Looking ahead, the explosive potential of altcoins is huge, and it is expected to achieve at least 10 times growth in the later period. Investors should remain rational and seize market opportunities
