Will there be two rate cuts this year? Is the alt season really coming?

1: The "small non-farm" data released by the United States this time was lower than Wall Street's expectations, and the labor market further cooled, adding signs of slow economic growth in the United States. Economists predict that the Federal Reserve may cut interest rates twice starting in September

2: Risk assets will benefit. As one of the risky assets, Bitcoin may stand at the integer mark of $100,000 in the next two or three months. In addition, Binance's platform currency has also soared, with a market value of over $100 billion, surpassing Starbucks and Meituan.

3: Some other altcoins have also risen sharply, but I personally think it is too early to judge the arrival of the alt season. In the past bull market, Ethereum would rise only after Bitcoin rose, and then it would rotate to altcoins in various sectors. At present, the Federal Reserve has not cut interest rates, and more funds have not poured into the currency circle.

4: ETH's spot ETF has not yet been approved, so the current rise in altcoins is more of a short-term event stimulus, which is not enough to constitute a long period of sustained market conditions.

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