With the decline of the Nasdaq, funds are also flowing out of the crypto market, which has completely become a part of the liquidity of the US stock market. When one thrives, all thrive; when one suffers, all suffer. The interest rate cut in mid-September is basically a done deal. The last time Powell spoke, he had already confirmed the benefits of the rate cut. Unless there is an unexpected cut of 50 basis points in mid-September, the market will still be weak. Once the rate cut is implemented in mid-September, the market will start speculating whether there will be a rate cut at the end of October. Right now, it's just squeezing toothpaste. The US stock market is at a high level, and a small negative factor can lead to a decline in the US stock market, during this highly sensitive period. $BTC $ETH $SOL $WLFI
Show original
37.31K
2
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.