Recently, there have been some notable trends in the financial markets. Lee Hardman, an analyst at Mitsubishi UFJ, has put forward a point worth noting: if the U.S. employment data for September is poor, the dollar may face further falling pressure. In this case, market expectations for a rate cut by the Federal Reserve in October could significantly increase. Hardman even predicts that if the labor market remains weak, the Federal Reserve may cut rates twice again before the end of the year, each by 25 basis points. This trend may lead to an overall weakening of the dollar before the end of the year.
Considering the obvious negative correlation between the US dollar and cryptocurrencies, a combination of a weaker dollar and expectations of interest rate cuts will undoubtedly have a positive impact on the cryptocurrency market.
Meanwhile, an eye-catching event has occurred in the cryptocurrency world. Vitalik Buterin, the founder of Ethereum who has created multiple legends in the cryptocurrency field (commonly known as "V God"), recently took a surprising action. He sold 150 billion of a certain meme coin related to Musk for around $110,000.
This action reminds one of similar situations in the past. In 2021, after Vitalik Buterin sold SHIB tokens, the price of the coin skyrocketed by about 260,000 times. In 2024, after he liquidated his Neiro holdings, another related token also experienced a hundredfold increase.
Currently, the macroeconomic environment seems favorable for the cryptocurrency market. Coupled with this move by V God, meme coins in the Ethereum ecosystem may welcome new opportunities. For those investors who missed the previous two opportunities, this could be a signal worth paying attention to.
However, we must emphasize that the cryptocurrency market has a high degree of uncertainty and risk. Any investment decision should be based on thorough research and an understanding of the risks. Although new opportunities may arise in the market, investors still need to remain cautious and rational.
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Liquidated_Larry
· 9h ago
Lying flat eating noodles, as long as you don't lose money during the bull run.
View OriginalReply0
DiamondHands
· 9h ago
It's another story about meme coins.
View OriginalReply0
TradFiRefugee
· 9h ago
This wave is highly likely to be a blood profit.
View OriginalReply0
wagmi_eventually
· 9h ago
Vitalik Buterin is taking action, To da moon is not far away.
Recently, there have been some notable trends in the financial markets. Lee Hardman, an analyst at Mitsubishi UFJ, has put forward a point worth noting: if the U.S. employment data for September is poor, the dollar may face further falling pressure. In this case, market expectations for a rate cut by the Federal Reserve in October could significantly increase. Hardman even predicts that if the labor market remains weak, the Federal Reserve may cut rates twice again before the end of the year, each by 25 basis points. This trend may lead to an overall weakening of the dollar before the end of the year.
Considering the obvious negative correlation between the US dollar and cryptocurrencies, a combination of a weaker dollar and expectations of interest rate cuts will undoubtedly have a positive impact on the cryptocurrency market.
Meanwhile, an eye-catching event has occurred in the cryptocurrency world. Vitalik Buterin, the founder of Ethereum who has created multiple legends in the cryptocurrency field (commonly known as "V God"), recently took a surprising action. He sold 150 billion of a certain meme coin related to Musk for around $110,000.
This action reminds one of similar situations in the past. In 2021, after Vitalik Buterin sold SHIB tokens, the price of the coin skyrocketed by about 260,000 times. In 2024, after he liquidated his Neiro holdings, another related token also experienced a hundredfold increase.
Currently, the macroeconomic environment seems favorable for the cryptocurrency market. Coupled with this move by V God, meme coins in the Ethereum ecosystem may welcome new opportunities. For those investors who missed the previous two opportunities, this could be a signal worth paying attention to.
However, we must emphasize that the cryptocurrency market has a high degree of uncertainty and risk. Any investment decision should be based on thorough research and an understanding of the risks. Although new opportunities may arise in the market, investors still need to remain cautious and rational.