Victory Securities: Market expectations digest Fed rate cuts, BTCETF may become the first choice for investor asset allocation

Golden Finance reported that Zhou Lele, Deputy Chief Operating Officer of Victory Securities, analyzed that against the backdrop of the Fed’s rate cut, the strong performance of BTC and Ethereum foreshadows a warming of the virtual asset market. BTC’s price broke through the key resistance level, while the significant pump in Ethereum’s Exchange Rate reflects a new assessment of risk assets in the market. Despite the mild reaction in the US stock market, fund flows indicate a renewed interest from investors in Crypto Assets. The listing of BTC Options further enhances market liquidity and pricing efficiency, providing investors with new hedging tools. Looking ahead, as the market digests expectations of interest rate cuts, BTC ETF and other cryptocurrency-related products may become the preferred choice for investors to reallocate assets. The virtual asset market has warmed up and returned to the ‘6-digit’ level. Last week, the price of BTC rose from $59,122 to $63,577, a rise of about 7.57% within the week. Ethereum rose from $2,316 to $2,580, a rise of about 11.42%. The textbook-style Favourable Information of interest rate cuts and the risk assets, the low sentiment of the Bull Market is no longer prevailing, and at the same time, the strong rise in the exchange rate of Ethereum may indicate a recovery in the market.