🔥Global central banks "one cut and one increase", what is the impact on the crypto market?
This week, the decisions of global central banks are quite exciting: the UK is expected to cut interest rates on the 18th, and Japan may raise interest rates on the 19th. This "one cut and one increase" seems contradictory, but the market has already fully digested it.
The UK’s interest rate cut aligns with slowing growth, while Japan’s interest rate hike is a historic effort to combat deflation. After balancing the two, the global liquidity environment has not shifted towards tightening and remains friendly to risk assets.
The key point is that the market has already reacted to the expectation of Japan's interest rate hike, making it unlikely to trigger a massive panic withdrawal of funds. For the crypto market, the macro-level disturbances are relatively limited, and the market focus can return more to the technological development and capital flow within the industry itself.
