Rate cut / USA inflation

Tone of the powell’s speech have made the crypto market rise once again in hope of rate cuts

Points to be noted that

1. Fed still see the 2% as benchmark

2. Before rate cut there will be several economic data release which will impact the policy

3. Powell and feds need to show the market that they cut rate with align to data, not by pressure from trump. If the market felt like fed’s indepence in decision making is affected by trump, markets will fall and fed will lose their trust.

So what we should do,

If you are in good profit, take some profits now (there will be pullbacks to reenter, and rate cut is not promised by fed yet) but

Impact of rate cuts in crypto is significantly reduced, crypto will grow in larger even without inflows by rate cuts.

This industry will grow significantly in next few years, don’t bee greedy or too late.

Pay attention on $ETH for now.