Bitcoin Strongly Rebounds! Fed Rate Cut Expectations Boost New Bull Market
The latest economic data from the United States shows an unexpected contraction in GDP, with core inflation dropping to 2.6%. Investors expect the Federal Reserve (Fed) to cut rates by 0.4% in June, which will benefit Bitcoin, outperforming the stock market.
Since Trump's 'Tariff Liberation Day', Bitcoin has risen over 13%, while the S&P 500 index has barely increased by less than 1%. On May 1st, Bitcoin spot ETF saw an inflow of $442 million in a single day, indicating a rebound in market demand. The Fed will hold a meeting from May 6 to 7, with the market predicting a 93% chance of maintaining current interest rates.
Apart from Bitcoin, on another front, SOL has seized the potential of the meme trend! This has created a new wave of memes, and individuals with spare cash are daring to invest early in some promising meme coins. Among them, meme coins associated with Trump are particularly popular, especially the hero dog Co nan, backed by Trump's strong IP and active community. Recently, its market value broke the $10 million mark, and has slightly adjusted to around $7.3 million, making it a great opportunity to enter and add to holdings. The number of holders has exceeded 12.8K and continues to grow, making it highly promising to become a dark horse in the bull market!
If everyone wants to gain further insights into the development of the entire cryptocurrency space and the meme sector, feel free to join the discussion at Meme交流區!
$SOL $SUI $XRP
