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- 🎯 To further enhance the user experience on Gate Square, we sincerely invite you to take part in our first User Experience Survey 👉 https://www.gate.com/questionnaire/7086
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👉 https://www.gate.com/announcements/articl - 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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📶📶📶It is important, please read carefully📖😪🤖🤖🤖
This time altcoin didn't fall much, indicating that the altcoin season is still on the way. BTC and ETH had an inflow of 760 million and 420 million respectively yesterday, showing strong buying power. In addition, some institutions such as Meituan dumped at high levels, and 3628 BTC were transferred by the watchdog. As long as BTC maintains its volatility, there is still a chance for altcoins to continue to rise, especially since funds are starting to flow into ETH. Looking forward to a stronger ETH/BTC exchange rate!
Key points summary:
BTC saw a 10% decline for the first time yesterday, no need to worry too much before the 10th. The daily chart of BTC shows a long lower shadow, and the price is currently back to the Sideways level of the daily candlestick. Ether finally broke through the long-term resistance line of 4000. The net inflow of funds for Ether ETF is slowly catching up with BTC, and funds are starting to favor Ether. Ether is strong, altcoin is strong. 😄👿👿👿
12🈷️10 Microsoft company vote on whether to buy BTC as company reserve assets, if passed, will be a major event for global popularization of BTC, very bullish, 10 change in market trendNode❗❗❗
The decline does not mean the end of the bull market, the purpose of quickly regaining is to clear the leverage, and it is recommended to focus on long positions when trading, and to focus on leading in various major zones 👺👺👺