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BTC $65,848.00 +2.19%
ETH $1,719.88 +2.34%
BNB $617.95 +1.05%
XRP $1.18 +2.85%
SOL $71.18 +4.01%
TRX $0.3204 +1.56%
DOGE $0.0887 +1.15%
ADA $0.1809 +4.92%
BCH $212.05 +3.85%
LINK $8.19 +3.16%
HYPE $64.63 +7.39%
AAVE $69.22 +3.86%
SUI $0.8015 +4.84%
XLM $0.1895 +1.51%
ZEC $495.24 +15.78%

dawn

Li Hua Yi: At this stage, it is the dawn before the great bull market in cryptocurrency, agreeing with CZ's view of the "super cycle."

Liquid Capital (formerly LD Capital) founder Yi Lihua stated on social media: "China, the United States, and South Korea are the three main markets in the cryptocurrency industry. Coincidentally, these three stock markets are all in a bull market. Currently, large funds are mainly in the stock market and even in precious metals (such as gold, silver, and rare earths). Coupled with the impact of the interest rate hike cycle, and the reality that blockchain technology has not had the expected impact, it has led to a complete four years since Bitcoin reached 69,000 in 2021. Aside from a slight increase in BTC, ETH is even far below its peak four years ago. This should be considered a disappointing four years for crypto investors.However, bull markets often arise during periods of despair, especially with the arrival of a rate cut cycle, the globalization of stablecoins, crypto-friendly policies, and financial applications on the blockchain. In both macroeconomic conditions and technical indicators analysis, we are currently at the dawn before a major crypto bull market. Be greedy when others are fearful; although the bull market may be slow to arrive, it will be more spectacular when it does. I also strongly agree with CZ that the crypto super cycle is about to come, and industry leaders like BMNR, Strategy, Tether, Binance, and USD1 are continuously buying."

HashKey Jeffrey: The darkness before dawn has passed, and interest rate cuts lead the crypto market into a new upward cycle

ChainCatcher news, the Federal Reserve announced after the FOMC meeting that the target range for the federal funds rate has been lowered from 5.25% to 5.50% to 4.75% to 5.0%, a decrease of 50 basis points.In response, HashKey Group Chief Analyst Jeffrey Ding stated: The darkness before dawn has passed, and a new wave of market momentum has begun. The Federal Reserve's 50 basis point rate cut signifies its clear concerns about the current economic environment, necessitating a more substantial initiation of the rate-cutting cycle. Recently, the global economy has faced liquidity challenges, and this rate cut decision has injected new vitality into the global financial markets.Bitcoin, as the "digital gold" of the new era, has performed strongly against this backdrop, briefly breaking above $62,000. However, it is not just Bitcoin that benefits; the entire cryptocurrency market is expected to experience a new wave of momentum under the loose monetary policy. It is important to note that, unlike traditional markets, Bitcoin's performance is more influenced by the liquidity of the dollar rather than changes in the U.S. economic outlook. This means that in the future loose monetary environment, Bitcoin may continue to be the preferred asset for investors seeking to hedge against inflation and seek safe havens.As the rate-cutting cycle continues, the cryptocurrency market may enter a longer period of upward momentum. Market volatility still exists, but this round of cryptocurrency trends may attract more funds and innovation into the field, pushing the entire crypto ecosystem into a new stage of development.
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