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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
The Fed's interest rate decision will be announced tonight, and the market generally expects a 25 basis point rate cut. Investors are closely following Chairman Powell's speech, as either neutral or dovish comments could have a positive impact on the market.
Although the likelihood of a 50 basis point rate cut is small, if it does happen, it may indicate that the economy faces recession risks and is considered an emergency defensive rate cut. There are views suggesting that after the rate cut is implemented, the market may experience a short-term surge, as it needs to attract enough investors to participate in order to cash out the profit chips. This approach could trigger an emotional surge, thus attracting more liquidity.
A 25 basis point and a 50 basis point interest rate cut may have different impacts on the market. A 25 basis point cut may be viewed as a moderate policy adjustment, while a 50 basis point cut may be interpreted as a signal of concern about the economic outlook. In any case, investors should closely follow the Fed's decisions and the subsequent market reactions in order to timely adjust their investment strategies.
During the wait for the Intrerest Rate decision, investors may adopt different strategies. Some may choose to take a break for a few hours before following the market dynamics, while others may continuously follow the market changes. Regardless of the approach taken, it is crucial to remain calm and conduct rational analysis.