Opinion: Crypto market trends may depend on future rate cut expectations, traders are in a state of hesitation

Odaily reports that Patrick Liou, the head of institutional trading at the cryptocurrency exchange , stated that the non-farm payroll data initially caused Bitcoin to rise, but the subsequent uncertainty over the Federal Reserve's interest rate cut this year led to another decline. The current trend in the cryptocurrency market may depend on expectations of future rate cuts. Typically, lower interest rates are beneficial for cryptocurrencies, as accommodative economic conditions encourage investors to return to risky assets. However, the Federal Reserve has not provided a clear direction, and it is still uncertain whether it will cut rates, leaving cryptocurrency traders in a state of hesitation, as "they are still uncertain because inflation has already declined, but the pace of decline is not fast."