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๐ https://www.gate.com/announcements/articl - ๐ Gate Square ยท Creator Incentive Program Day 10 Topicโ #Fed Cuts Rates By 25 Bps# !
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๐ฅ Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%โ4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - ๐ Gate Square Newbie Village ยท Episode 1 โ๏ธ @Ryakpanda Community
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๐ฅ 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 worldโs third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
The market activity over the weekend was not significant, BTC retraced less than 2% and ETH less than 4%.
But the movements of the altcoins have become quite significant...
After a wave of rise and a wave of wash, you will know which altcoins are swimming naked...
But I have to say, there are indeed a few altcoins that are really strong in this wave.
For example, MOODENG Hippo and PUMP...
The former has some positions, while the latter has missed out.
Many people have talked about some changes in the fundamentals of the latter.
But when to buy, how much to dare to buy, and where to look, varies from person to person...
The hippo's initial position successfully ambushed before the rise, and four altcoins were mentioned in the group, but one of them is not very strong.
I also added some positions yesterday, and the average holding price has increased quite a bit. I am also trying to roll over positions in my small futures account.
If this market can bring the hippo price back to my average holding price, then basically it's time to cool off and watch from the sidelines.
I hope to stabilize now, as I have quite a few positions in both spot and contracts.
But it's difficult for contracts, as the mid-way washouts can be quite intense ๐
Wishing everyone smooth trading ๐๐๐
#MOODENG # BTCUSD