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The Federal Reserve cut interest rates early in the morning; I guess many people stayed up to watch the market, right? This is quite interesting for us in the crypto space, and I’ll share a core message: the central bank gave a piece of candy but warned you in advance that you might have to endure a period of bitter medicine.

First of all, what is sugar? It is two solid 'gifts':

1. Interest rates have been lowered: The interest rate target range has been cut by 25 basis points to between 3.5% and 3.75%. Everyone expected this, it’s a routine matter.
2. Directly injecting money: This is a bit beyond expectations! The Federal Reserve announced this month that it will start buying $40 billion in government bonds each month. This equals directly printing money into the financial system, so the market won't lack money in the short term. Therefore, as you can see, the moment the news came out, both the US stock market and Bitcoin jumped a bit, stimulated by this 'syrup'.