#BinanceBlockchainWeek ETH BNB $LUNC
🔥 An update! The Federal Reserve's next meeting is next week, 😊 does 降息 really come?
💰 Bullish sentiment is apparent as the market is leaning towards a rate cut in December, while many economists expect two more cuts after March of next year 🙃
In addition to The White House, Bank of America are saying "Time to cut," but they also warn that overly dovish monetary policy has the potential to negatively impact market sentiment.
Due to this uncertainty, we have also seen a delay in data, due to this situation being in flux.
Amid this chaos, many of the larger institutional players have quietly shifted to the hard asset class. Fidelity's CEO has publicly disclosed his substantial holding of Bitcoin as a "Gold Standard."
Many of the mining companies like Cango have also had record production, with one company producing over 500BTC in April and holding over 7000BTC. Many more of the funds are shifting to the safe haven asset.
Is A rate cut the starting pistol for the market or merely a harbinger?
Let's hear your opinions in the comments!
#加密市场观察 #美联储重启降息步伐
