Trump stated that if he is re-elected on November 5, he will significantly lower U.S. interest rates. This statement has attracted widespread attention from the market, although no specific policy details were provided, lowering interest rates could further stimulate the economy, particularly driving growth in the cryptocurrency market.
Trump's Commitment Former President Trump stated that if he is re-elected on November 5, he will significantly lower U.S. interest rates. This statement has attracted widespread attention from the market, although no specific policy details were provided, lowering interest rates could further stimulate the economy, particularly driving growth in the cryptocurrency market.
Federal Reserve's Rate Cut Expectations According to CME's "FedWatch," the probability of the Federal Reserve cutting rates by 25 basis points in November is as high as 99.3%. The market generally expects that a rate cut will bring greater inflows into the cryptocurrency market, enhancing investor preference.
Current Market Conditions According to data from CoinGecko, the current total market capitalization of the cryptocurrency market is $2.47 trillion, with Bitcoin accounting for 54.8% and Ethereum for 13.1%. This data indicates that despite significant market growth, Bitcoin still holds a dominant power in the market.
Conclusion In summary, several signs in the cryptocurrency market for the fourth quarter of 2024 are increasingly indicating an overall positive trend. Institutional investor interest, financial advisors' recommendations, optimistic prospects for the U.S. economy, and potential rate cuts may inject new vitality into the market. As more investors pay attention to crypto assets, the future market performance is worth looking forward to.
