Many people still don't know what interest rate cuts mean! As someone who has been through it, let me briefly explain how significant the impact of interest rate cuts is on the cryptocurrency market.

In simple terms: there is too much money and nowhere for it to go, so a lot flows into the crypto market!

In March 2020, Bitcoin dropped to $3,800 due to panic;

After the Federal Reserve began unlimited quantitative easing, a large amount of capital entered the market:

ETH rose from $80 to $4,800;

BTC rose from $3,800 all the way to $69,000;

Various altcoins exploded, and NFTs and DeFi also emerged.

This market cycle has also created a large number of people who have turned their lives around through the crypto market.