On the eve of the Federal Reserve's decision, the cryptocurrency market holds its breath!
Tonight, the global financial market's attention is focused on the Federal Reserve, as a grand performance that will determine the fate of the cryptocurrency market is about to unfold. At 2 AM, the Federal Reserve's interest rate decision will be announced, will it continue its rate hike or start a rate cut cycle? This not only concerns the direction of traditional financial markets but also puts the cryptocurrency market at a crossroads, facing a critical moment of life and death.
If the Federal Reserve chooses to cut rates, it will undoubtedly be a timely rain for the cryptocurrency market. With rising expectations of rate cuts and lower borrowing costs, market funds will gush out like a spring, injecting new vitality into the entire market. In such an environment, DOGE is expected to show its might again and regain its former glory.
The depreciation of the dollar will also be a significant boost for the cryptocurrency market. When the dollar weakens, cryptocurrencies like Bitcoin, priced in dollars, will automatically appreciate, and all dollar-denominated crypto assets will welcome new opportunities. At this time, the wisest operation may be to rush into BTC/ETH spot markets first and wait for altcoins to catch up, thus achieving rapid asset appreciation, and popular altcoins like PEPE should not be missed.
Currently, the funding rate for perpetual contracts on exchanges has reached outrageous levels, with bulls making crazy bets on a dovish stance, but everyone must be careful of the main players' reverse harvesting. In such a high-risk environment, spot trading is always the most stable choice; at the same time, on-chain data is more reliable, and by analyzing on-chain data, one can better grasp market dynamics.
Recently, a Dogecoin named Conan has sparked heated discussions in the cryptocurrency field. Conan has a unique background story; it is a heroic dog that was personally awarded by the 'King of Understanding', and a top-notch team continues to promote the project's development. For investors seeking high returns, Conan may be a potential investment target worth paying attention to. In the current market with extremely high uncertainty, appropriately positioning in Conan may yield high returns in the future. However, investing is always accompanied by risks, and everyone must make careful decisions and manage risks well. 柯南官方群
