In March 2020, the Fed made its last rate cut, and four years later, it cut rates again by 50 basis points. At this moment, the atmosphere in the market seems familiar, but some things have changed: the composition of participants has changed, and the price of Bitcoin has risen significantly.
Despite this, concerns remain in the market. Many people are worried that the market may be cut in half again. However, there is no answer to such questions, as only time can give the final answer. Since March, the market's bullish sentiment has continued to fluctuate: in March, confidence was still as high as 100%, and it began to fall to 80% in April, and then fell sharply to 50% in July, and finally fell to 10% after the plunge on August 5.
This is the true portrayal of the crypto. Every market fluctuation, whether it is good or bad, is an opportunity for us to personally summarize and formulate investment strategies based on our own situation. Although we may envy others' precise analysis, it has no direct relationship with our actual returns. Missing the best point will only add more risks to investment.
Although Bitcoin has not yet broken through $65,000, the Fed's interest rate cuts and the resulting global economic easing will inevitably affect every corner of the global economy. Although this effect may be delayed, it will eventually come. Just as Bitcoin's halving every four years has triggered a bull market in the first three times, the fourth halving in 2024 is likely to bring another bull market in the crypto.
2024 is a volatile year for the crypto. The market has been volatile, and many investors have lost confidence. However, looking back at the journey from the first bull market in 2013 to 2023, we can see that the current fluctuations are just "small waves". The cryptocurrency market led by Bitcoin is no longer likely to be eliminated, and it is gradually growing into a towering tree.
In the crypto, faith is indispensable. But this faith is not simply blind optimism, but is based on a deep understanding of the industry, rather than just focusing on daily ups and downs. September 19, 2024 became a milestone day. Although this was the first interest rate cut by the Federal Reserve and the crypto had not yet seen drastic fluctuations, gold once again broke through its historical high, reaching $2,600. This fully demonstrates that truly high-quality assets can always be recognized by the market.
After August 5, 2024, the discussion of the rise and fall in the crypto has become meaningless. Those who are still entangled in the rise and fall just want to seize every opportunity for profit. For those investors who have already laid out high-quality coins at the relative bottom, the rest is just waiting and enjoying the results. The opportunity to overtake on the curve has been reduced again after August 5. There is no turning back in life, only the present and the future. Less desire, more dedication, can have more choices in the future.
Mainstream currency dynamics:
BNB: Currently in a linkage market, it is expected that CZ’s release from prison at the end of the month will bring about a wave of rising prices.
XRP: The trend is weak and will still fluctuate with the market in the short term.
SOL: The current trend is starting to strengthen and is expected to continue to rise in tandem in the near future.
DOGE: The trend is still weak, with limited gains in the short term, but long-term holders may be able to obtain greater returns in the future.
BCH: It has surged recently, but its strength will weaken in the short term and it may enter a period of shock repair.
AR: After nearly 20 days of consolidation, further upward demand is expected in the near future.
UNI: The current trend is weak and is still mainly linked to the broader market.
ARB: Mainly linked to Ethereum. If Ethereum continues to rise, ARB is also expected to follow suit.
OP: An upward trend has started in the short term. If the market remains strong, OP still has room to rise.
Summarize
The Federal Reserve started to cut interest rates today, which marks the start of a global interest rate cut cycle and also means that a new economic cycle is coming. This will have a huge impact on the financial, real estate, manufacturing and crypto industries. Continued interest rate cuts are expected to stimulate the comprehensive development of all industries, and cryptocurrencies will also benefit from this and become a catalyst for the bull market.
Of course, this does not mean that cryptocurrencies will skyrocket tomorrow, but it lays a good foundation for the launch of the future bull market. At present, the launch of the bull market has entered the countdown, and the time for shock callbacks is getting shorter and shorter. At this time, hold on to the chips in your hands and act decisively when it is time to buy the buy the dips.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
If you want to know more about the secret of wealth or have any questions, please follow the official account: Crypto Conan
