Yesterday, the Federal Reserve announced a rate cut of 50 basis points at 2 a.m. Beijing time on September 19, 2024. To be honest, I didn't feel anything, and I always thought that the currency market would not fluctuate too much, but on the day and the next day after the rate cut, I saw how much impact the rate cut had on the currency market.
The first is bitcoin, which has been rising before and after the rate cut, with sharp increases in 10 of the 14 days. On the day when the 50 basis point rate cut was announced (September 19, 2024), the increase was as high as 6.26%, with an amplitude of 7.34%. The increase on the second day after the rate cut was also 1%.
Another one is Yitai, which also has an amazing increase. Although it fell a lot before, it rose by 6.24% on the day when the 50 basis point rate cut was announced (September 19, 2024), with an amplitude of 7.21%. The second day after the announcement of the 50 basis point rate cut (September 20, 2024), it rose by 4.29%, with an amplitude of 5.10%. Yitai's total increase on the day and the next day when the Federal Reserve announced a 50 basis point rate cut has exceeded 10%. I think if I can hold a contract of 100 times Yitai, the profit will reach 200 US dollars by the next day. Unfortunately, I ran too early and regret it!
Of course, there are countless altcoins, so I don’t need to go into details here. In one word, the prices are rising, rising, and rising. The prices are rising by dozens of points, and the rise is thrilling and terrifying.
Well, how can I put it? Even in such a market, it is still difficult for me to make money. Many times, I finally caught a deal, but unfortunately I ran away after making a little profit. I regretted it when the price rose later, and I dared not to buy more. Now I am still stuck with an empty deal, and I don’t know when I can get out of it! Well, I am a fool! $BTC
