The Federal Reserve does not cut interest rates; how should the cryptocurrency market behave today?
Last night, because the Federal Reserve announced for the fourth consecutive time that it would not cut interest rates, U.S. stocks surged and then retreated, with the Nasdaq index rising by 0.12% and the Dow Jones index falling by 0.10%. The stablecoin circle rose by 33.82%.
Yesterday, a meeting was held domestically to set the tone for the future economy, but the cryptocurrency market still closed with fluctuations and declines, and the trading volume continued to shrink without expanding; the positive news did not stimulate the rise of the cryptocurrency market.
Since there are no positive factors in the sectors today, it is highly probable that we will follow the U.S. stocks and speculate on stablecoins.
From the market perspective, today will mainly be characterized by fluctuations and declines, without significant drops. Individual coins need to be mindful of the rhythm; recently, both Ethereum and Bitcoin have been unable to break through in the short term due to the lack of policy-driven positive news.
