Today, the Federal Reserve has cut interest rates by another 25 basis points, bringing the benchmark interest rate directly down to the 3.50%-3.75% range! This is already the third consecutive meeting where rates have been cut, totaling a reduction of 75 basis points within the year of 2025 — translated into simpler terms: the 'cost of borrowing money' in dollars is getting lower, and the money in the market is flowing in like a floodgate opening! From the perspective of the cryptocurrency market, we need to dissect this matter thoroughly. The Federal Reserve's rate cut = 'easing', which is definitely a shot in the arm for the crypto market! The logic is simple: after the dollar liquidity is eased, the money that was originally sitting in U.S. Treasury bonds and bank deposits will be attracted to the crypto market's high returns to 'take a gamble'. For example 🌰: when the Federal Reserve drastically cut rates to rescue the market in 2020, BTC skyrocketed from a few thousand dollars to nearly 60,000 dollars, and altcoins soared as well; after the Federal Reserve's first rate cut this year, ETH along with MEME coins also experienced a surge. But! Behind the rate cuts, there may also be signs of the U.S. economy 'stumbling' — if the economy truly collapses, the crypto market will also be dragged down (refer to the 2008 financial crisis, where the crypto market plummeted by over 30%). Therefore, this rate cut is definitely a short-term positive sentiment (money is coming in to seize opportunities), but in the long run, we must look at the fundamentals of the U.S. economy. As I emphasized before: the crypto market is currently a three-way game of 'policy + capital + sentiment', and this operation by the Federal Reserve has at least handed the bulls a 'trumpet' to 'charge up'!