Victory Securities: Bitcoin ETF May Become Investors' First Choice for Asset Reallocation as Market Expectations Digest Fed Rate Cut

The strong performance of Bitcoin and Ether heralds a rebound in the virtual asset market against the backdrop of the Federal Reserve's interest rate cuts, according to a post analyzing by Lele Zhou, deputy chief operating officer of Victory Securities. Bitcoin's price broke through a key resistance level, while the significant rise in ethereum exchange rates reflected the market's new assessment of risky assets. Despite a moderate reaction from the US stock market, fund flows indicate renewed investor interest in cryptocurrencies. The listing of Bitcoin options further enhanced market liquidity and pricing efficiency, providing investors with a new hedging tool. Going forward, Bitcoin ETFs and other cryptocurrency-related products may become the preferred choice for investors to reallocate their assets as the market digests expectations for rate cuts. The virtual asset market has returned to the “6-word” level, with Bitcoin's intra-week price rising from $59,122 to $63,577 last week, an increase of about 7.57%. Ether rose from $2,316 to $2,580, an increase of 11.42 percent. With the textbook rate cuts favoring risk assets, the downbeat sentiment that the bull market is no more may be dispersed, while the strong rise in the Ether exchange rate may indicate that the field is recovering.