Market analysis: The Fed cut interest rates "in line with expectations", but the market turned down
Abstract: In the early hours of this morning, although the Federal Reserve cut interest rates "in line with expectations", the rate cuts were weak. The US dollar strengthened for a short time, and gold and Bitcoin were short-term short-term. After 10:00 a.m., Bitcoin, which has been trading sideways for several days, has changed downwards, and the short-term uncertainty is relatively large.
According to the statistics of QKL123, at 13:00 on September 19, 2019, the total market value of the global Token market was 1,888.122 billion yuan, with a 24-hour total market value increase or decrease of -3.57%, and a total turnover of 484.248 billion yuan, with a total turnover change of +7.20% , market activity has increased. The Babbitt composite index reported 13607.31 points, with a 24-hour change of -3.84%; the Alternative sentiment index was 31, which was lower than yesterday (38), and the market sentiment still showed fear.
Among the top ten encrypted assets by market value (excluding USDT), XLM has the largest 24-hour increase (+14.84%), and BSV has the largest 24-hour decrease (-5.05%). BTC’s 24-hour rise and fall -3.01%, the market capitalization ratio (65.62%) has dropped slightly compared with yesterday, and the risk aversion sentiment in the market has dropped slightly. USDT’s 24-hour change was +0.61%, and the net inflow of funds today was 382.0493 million yuan, an increase from yesterday; ChaiNext’s USDT OTC discount and premium index reported 99.71, with a 24-hour change of +0.21%.
Analyst view:
Analyst view:
At 02:00 this morning, the Federal Reserve decided to cut interest rates by 25 basis points, but gold and US stocks fell slightly in response, and Bitcoin also fell back. This is the second rate cut by the Federal Reserve since December 2008. The rate cut did not exceed market expectations and has been digested by the market. The short-term performance of the asset market confirmed this point.
Under normal circumstances, a country’s interest rate cut will reduce the cost of loans, promote the outflow of funds from banks, and increase the liquidity of market funds, which will promote economic recovery and bring depreciation pressure on the national currency. For anti-inflation assets such as Bitcoin Said it was good. However, in the context of the current global economic slowdown and strong interest rate cuts around the world, the Fed’s interest rate cuts this time appear to be weak. Not only did it not generate expectations for the depreciation of the US dollar, but it also strengthened the US dollar for a short time, which in turn made gold and other US dollar-priced assets go correspondingly. weak.
1. Spot BTC market
1. Spot BTC market
1. Funding
1. Funding
2. Fundamentals
2. Fundamentals
2. Spot ETH market
2. Spot ETH market
1. Funding
1. Funding
2. Fundamentals
2. Fundamentals
3. Spot LTC market
3. Spot LTC market
1. Funding
1. Funding
2. Fundamentals
2. Fundamentals
4. Spot EOS market
4. Spot EOS market
1. Funding
1. Funding
2. Fundamentals
2. Fundamentals
According to the statistics of DappRadar, the overall activity of EOS DApps increased slightly in 24 hours, and the number of new Dapps was 1. Among them, the number of 24-hour active users of the guessing app Dice was 3.6k, a change of +34.58% from yesterday; the number of 24-hour users of the game PROSPECTORS was 2.8k, a change of -3.68% from yesterday; the number of 24-hour active users of the data application Lumeos was 1.5k, A change of +0.41% from yesterday; the number of 24-hour active users of the trading application Newdex is 1.4k, a change of -10.52% from yesterday.
1. Long term (1-3 years)
1. Long term (1-3 years)
2. Midline (January-March)
2. Midline (January-March)
3. Short term (1-3 days)
3. Short term (1-3 days)
In the short term, small positions rely mainly on support, selling high and buying low, breaking positions and stopping losses.
