Yesterday, the crypto market was really lively, like watching a big drama. The price of Bitcoin soared to 61,000, the day before the Fed's bigwigs met to discuss a possible rate cut. Coincidentally, the BTC stock market also rose by 5%, as if sending a signal to everyone, but it was still elusive, after all, it was still hovering near the previous high. In contrast, the price of gold was a bit miserable, falling by more than 0.5%, which was really a world of ice and fire.
Bitcoin has touched the door of $61,000, and behind this, everyone is guessing whether the Fed will cut interest rates. The stock market was quite stable in the morning, at a record level, but in the afternoon, hey, it began to shake. By 3 pm on Tuesday, only the Nasdaq index rose slightly, and the others withered.
The Fedwatch tool of the Chicago Mercantile Exchange predicts that the probability of a 25 basis point rate cut is 37%, and the probability of a 50 basis point rate cut is 63%.
As I wrote this article, BTC fell again, which really made my heart beat faster! What do you think of the market trend?
Did you make money? I ran away at 594. If you ran away too early, did you feel like me that this day was as exciting as a roller coaster ride?
Come to the comment section and share your thoughts!