The market fluctuated, and the altcoins pulled back, but the overall market is still positive. The interest rate cut is good for the currency circle, but the Fed's interest rate decision is a mystery.
At present, the market is still weak and fluctuating, and the altcoins have pulled back a lot, and many people are beginning to panic. What impact will the CPI release on Wednesday and the Fed's interest rate decision have on the market? The interest rate cut is undoubtedly good news for the currency circle, because the interest rate cut means more funds will flow into the market, people are more willing to withdraw money from the bank to invest, and the liquidity of the market will increase. But whether the Fed will choose to cut interest rates or raise interest rates to fight inflation is still unknown. If the Fed chooses to raise interest rates, it may lead to more unemployment and fall into a vicious cycle. But in any case, the overall market trend is still positive. Now we are in the middle of the bull market, and the potential for the outbreak of altcoins in the later period is huge, and it is expected to double by at least 10 times.
The interest rate cut is a good thing for the currency circle, but the market trend is still affected by many factors. Let's pay attention to the Fed's interest rate decision and see what changes the market will usher in!
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