QCP Capital: The Fed is expected to cut interest rates by 25 basis points, which may not have much impact on the crypto market

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Cointime2024/12/18 10:12

By:Cointime

QCP Capital has analyzed that the last Federal Reserve meeting of 2024 will be held tonight, where a 25 basis point interest rate cut may be announced along with the final dot plot for this year. Although it is expected that the Federal Reserve meeting will not have a significant impact on the cryptocurrency market, it may cause a gap in volatility, which could lead to large-scale liquidation. In addition, the technical outlook for BTC also appears cautious, showing bearish divergence on the daily chart. If there is a decline, do not be shaken out, as 2025 is expected to be a potential bullish year for cryptocurrencies, especially under the Trump administration. Persistence may be beneficial.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14