Interest rate cuts, DAT and sell-offs, has the crypto bull market peaked or is it still in its middle?
Written by: Ignas
Compiled by Luffy, Foresight News
As I write this, the biggest short-term uncertainty about cryptocurrencies is the trend of interest rates. The key points are two points: one is Powell's statement at the Jackson Hole meeting (Thursday, August 22), and the other is how the Fed will determine interest rates at the Federal Open Market Committee (FOMC) meeting on September 16-17.
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If dovish signals are released→ 2-year US Treasury yields and the US dollar index will fall→ Bitcoin/Ethereum will rise
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If there is a hawkish interest rate cut or keep interest rates high for longer→ risk assets are sold off, altcoins will plummet first
which is the conclusion of the ChatGPT 5 thinking model and Deepseek's Deepthink model. And many people on the X platform also hold the same view, which also explains the recent decline in altcoins.
To be honest, the dependence of...