Welcome back,
I came late at home today for a lot of reasons, and today was the Federal Open Market Committee meeting. In my country, the timing was 11.30 Indian Standard Time, and I reached home around that time. The good news is that the Federal Reserve has decided to cut rates by twenty five basis points. They have actually done it, and it is a very bullish news for the market.
Not only that, another good news is that the quantitative tightening will end on the first of December, and that is another positive sign for all of us.
Now, that is not enough. I think in order for altcoins to perform, we must hear the news of quantitative easing, because that is when the money printing will start, and when the fresh liquidity will come into the market. When that happens, most of the coins, especially those with good use cases, should go up.
But for now, the good thing is that the twenty five basis points rate cut has happened, and on the first of December, the Federal Reserve is going to end its quantitative tightening. This means that they will stop shrinking their balance sheet on that day. It is a good sign, and I will closely monitor the market. I hope we do not hear any bad news in the coming days.
The Standard and Poor index is already creating new highs, and I hope the crypto market will follow it. We might be seeing good days ahead. What are your thoughts on the current market situation and these two decisions by the Federal Reserve? I think we are clearly bullish for the upcoming month, and I hope that we recover from the recent crash that happened on the tenth of October.
Not only that, I also hope we are going to see new numbers in the market. Let us wait and watch, because only the coming days will tell us about the actual performance of the market and the real impact of this news. Though it is clearly bullish, it is still wise to stay careful.
Until then, make sure you do not get overconfident and follow the same rule that I always say. Stay away from future trading and hold your spot bags. Are you all ready for the massive market upsurge in the months ahead, haha.
Thank you and happy trading everyone.