"The Night Before the Fed's Rate Cut, the Entire Market Awaits Powell's Remarks"

A historic moment arrives; how will the rate cut impact the crypto market?

On October 30th at 2:00 AM Beijing time, the Federal Reserve will announce its interest rate decision, followed by Powell's monetary policy press conference. The market generally expects the Federal Reserve to cut rates by 25 basis points, which will be a significant turning point this year.

The impact of the rate cut on the cryptocurrency market:

· Improved liquidity: Lower interest rates mean cheaper borrowing costs and more abundant market liquidity, with some funds potentially flowing into crypto assets seeking higher returns.

· Weaker dollar: Rate cuts typically lead to a depreciation of the dollar, causing dollar-denominated cryptocurrencies to naturally appreciate.

· Increased risk appetite: Rate cuts are seen as a boon for risk assets, and the crypto market, as a representative of high-risk, high-return investments, will directly benefit.

History does not repeat itself simply, but it does rhyme: looking back at the 2021 bull market, the low interest rate environment was a key driver of the rise in crypto assets.

As the easing cycle begins, the crypto market welcomes its strongest catalyst. #美联储会议 #利率决议 #鲍威尔