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The Fed continues to cut interest rates by 25 basis points, but the crypto world has fallen. What’s going on?
From the perspective of the macro environment, a rate cut is beneficial for Bitcoin because interest rates have been continuously declining, leading to capital outflow from traditional finance in search of higher returns. However, this process takes time, and it may take a week or two for the benefits of the rate cut to become apparent. So let's let the bullets fly for a while and quietly wait for next month when BTC returns to 120,000.