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HTX DeepThink: Fed Rate Cut in September Drives Rotation of Altcoins, But Policy Path Still Uncertain
Summary: In breaking news, HTX DeepThink columnist and HTX Research analyst Chloe (@ChloeTalk1) pointed out that the Federal Reserve cut the federal funds rate by 25 basis points to 4%-4.25% on September 17, marking the first rate cut in nine months. Chairman Powell emphasized the need to balance policy between inflation and employment, hinting at further ...
In breaking news, HTX DeepThink columnist and HTX Research analyst Chloe (@ChloeTalk1) pointed out that the Federal Reserve cut the federal funds rate by 25 basis points to 4%-4.25% on September 17, marking the first rate cut in nine months. Chairman Powell emphasized the need to balance policy between inflation and employment, hinting at further rate cuts in October, December, or beyond, but there are still disagreements among board members.
The news boosted risk assets: BTC held near $117,000, with a strong bullish sentiment in the options market; ETH remained above $4,500, with long-term holders continuing to withdraw and store coins. Funds began rotating from BTC to altcoins, with Solana rising to $244, daily trading volume on decentralized exchanges reaching $25 billion, BNB breaking the $1,000 mark, and total locked value on the BSC chain increasing by nearly 10% in the week.
Market expectations point to a continued loose monetary policy, but a rebound may face selling pressure if inflation rebounds or employment deteriorates in the short term.
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Link: HTX DeepThink: Fed Rate Cut in September Drives Rotation of Altcoins, But Policy Path Still Uncertain [Copy]
