Fed's Jerome Powell's Message Creates Ripple Effect on Crypto Market
The Federal Reserve's substantial interest rate cut, and bitcoin broke through $0.06 million2! Is there a chance for the next bull market in the cryptocurrency circle?
After experiencing a range-bound volatility from August to early September, with the landing of the Fed's interest rate cut, the panic sentiment in the cryptocurrency market has been eased, and the bulls have begun to dominate. Bitcoin has rebounded sharply from its low point of $52,550 earlier this month, with a range increase of nearly 20%.
Witness history! Trump pays for hamburgers and cola with bitcoin.
① As a result, Donald Trump became the first former president in US history to use bitcoin for payment; ② According to reports, on Wednesday, he treated guests to hamburgers and cola at a bar in downtown New York City, and promised to end the process of the US Federal Reserve's digital currency and dismiss the SEC Chairman.
Is the 50 basis point rate cut a response to the crisis? The future of bitcoin seems bleak.
Analysis warnings suggest that if history repeats itself after a significant interest rate cut by the Federal Reserve, the trend of bitcoin prices may have to go against stocks.
Latest cryptocurrency news | Crypto market frenzy! Bitcoin breaks through the $62,000 mark; 'Bitcoin shadow stock' MSTR holding has a floating profit of over $5.7 billion.
Bybit institutions business director: rate cuts may be bullish for the cryptocurrency market in the short term, but investors need to remain vigilant in the current volatility; Standard Chartered Bank executive: stablecoins can mitigate the negative impact of the US Federal Reserve rate cuts on government bonds and the mmf.
Risk assets start to "celebrate"! Bitcoin takes the lead and returns to $0.062 million.
As traders adapt to the expected start of the Fed's loose policy cycle, the S&P 500 index futures and Asian stock markets are also rising.