On September 19, according to statistics, the last time the Fed cut interest rates by 50 basis points was in March 2020, when it cut interest rates by 1 percentage point to 0-0.25% in response to the COVID-19 pandemic. Since March 2022, the Fed has launched an almost unprecedented round of aggressive interest rate hikes, and has maintained the policy interest rate at a high level of 5.25%-5.5% since July 2023.
After the interest rate cut in 2020, Bitcoin started to rise from the price range of US$4,000 to US$6,000 after "3.12", and reached the high of the last bull market at US$69,040 in November 2021, with the maximum increase of more than 10 times.
During the same period, the price of gold rose in the range of $1,450 to $1,700 in March, peaking ahead of Bitcoin, reaching a high of $2,075 in August 2020 before falling back, and began a new round of increases after reaching a bottom of $1,616 in November 2022 until now.
