Is the bull market still on?
According to the latest information, Federal Reserve Governor Stephen Miran recently stated that he supports a rate cut of at least 25 basis points in December and believes that a cut of 50 basis points is appropriate. This dovish signal, combined with other points he mentioned, is expected to have a series of impacts on the cryptocurrency market.

The Federal Reserve may lower interest rates, which is good news for the crypto market!

The faucet is about to open wide: A rate cut means there is more “money” in the market, and borrowing becomes easier. Just like opening a floodgate, some of this extra money will inevitably flow into high-risk pools like cryptocurrencies, pushing prices up.

People are more willing to take risks: When interest rates are low, there’s not much profit in saving money in banks. People are more willing to take their money out and invest in things that might yield higher returns, like cryptocurrencies. Market sentiment will become more optimistic and a bit more “greedy.”

The dollar may become “weaker”: Rate cuts usually make the dollar less valuable. Assets like Bitcoin are often seen as counter to the dollar, and when the dollar weakens, they tend to become more sought after.

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