Die Federal Reserve hat eine Zinssenkung um 50 Basispunkte angekündigt. Steht dem Kryptomarkt ein Aufschwung bevor?

37 0 0

Originalautor: 1912212.eth, Foresight News

After 4 years, the Federal Reserve finally announced its first interest rate cut of 50 basis points at this mornings meeting. After the long-dull crypto market interest rate decision was announced, it once again ushered in a significant amplitude. Bitcoin surged from $59,000 to above $62,000, Ethereum rose from $2,200 to over $2,400, and altcoins also benefited from the boost of the market and achieved good gains. SEI soared 22% to break through $0.34, and BLUR soared 17% to break through $0.2.

According to coingrass data, the entire network had a liquidation of US$199 million in the past 24 hours, of which short positions had a liquidation of US$123 million.

From the history of the last cycle, when the Federal Reserve announced its first interest rate cut in many years in September 2019, BTC was not affected by the good news in the short term. Instead, the monthly chart ended with a drop of 13.54%, from above $10,000 to around $8,300. After this rate cut, will the crypto market repeat history, or will it usher in a rising market after liquidity improves?

The Fed will continue to cut interest rates in the coming months

This rate cut far exceeded the markets general forecast of 25 basis points, directly cutting interest rates by 50 basis points. Powell emphasized at the press conference that he did not think that the sharp rate cut indicated that the US economy was approaching a recession, nor that the job market was on the verge of collapse. The rate cut was more of a preventive action aimed at maintaining the robust status quo of the economy and the labor market.

After the dust settled, the market generally expected that interest rates would continue to be cut in November and December. It is expected that there will be another 70 basis points of interest rate cuts this year. The published dot plot suggests that there will be another 50 basis points of interest rate cuts this year.

The possibility of a U.S. economic recession, which the market is generally worried about, has become smaller, and the possibility of a soft landing is increasing.

The interest rate cut will have a lasting positive effect on risky assets. Although it may not be effective immediately, as time goes by and the interest rate cut continues, the liquidity of the market will begin to flow out of bonds, banks, etc. and flow into stocks, cryptocurrencies and other markets.

In addition, the upcoming US presidential election in early November this year will also bring short-term shocks to the crypto market. After the results are officially announced, off-market funds that have been waiting and watching may begin to continuously inject into the crypto market.

The current spot market trading volume is still in a downturn, and the overall fluctuation is around US$60 billion. Apart from the short-term sudden fluctuations caused by special macro events, the market liquidity is still mediocre.