Petro Khomyn
@deniss
@deniss
🚨🚨Sentiment: 📈 Altcoins show signs of breakout after US Fed decision to cut interest rates by 50 basis points. Fantom (+11%) and Sui (+8%) are notable assets that showed mini-surges
👀👀👀1️⃣. The Fed cut interest rates by 50 bps, starting a cycle of rate cuts;
2️⃣. The Fed's FOMC statement: Confidence that inflation has increased and continues to move toward 2%;
3️⃣. "Megaphone Fed": First 50bp rate cut marks bold start to rate-cutting cycle;
4️⃣. Fed Chairman Powell: Overall economy is strong and we are committed to maintaining strong economic growth;
5️⃣. CICC: Near-term soft landing for US economy is likely to increase;
6️⃣. Top winning whale sells ETH he bought last night for $210,000 profit;
7️⃣. MicroStrategy moved over 4,922 bitcoins worth about $294 million 8 hours ago;
8️⃣. Ethena Labs partners with domain name registrars to reclaim domain names;
9️⃣. Michelle Bond, partner of former FTX boss Ryan Salameh, denies allegations of election fund violations fund;
1️⃣0️⃣. Cumberland and other addresses transferred about 939 bitcoins to the Fidelity Bitcoin ETF BTC;
🚨👀More from FEDERAL CHAIR POWELL (09/18/24):
1. Fed sees economy as “broadly strong”
2. Fed has “growing confidence” that labor market strength can be maintained
3. Consumer spending “remains resilient”
4. Inflation has eased but “remains above the 2% target”
5. Labor market is less tight than before the pandemic
6. Fed is moving to “neutral” but “not following any predetermined course”