The Federal Reserve cuts interest rates, and the US financial market and encryption market perform consolidation.

Golden Finance reported that with the Federal Reserve’s decision to cut interest rates by 50bp at the September 2024 meeting, the mainstream financial markets have mixed feedback:

1. Bank stocks all pump; The two-year US Treasury bond yield fell 8 basis points short term, now at 3.598%. S&P 500 futures pump 0.85%, Nasdaq futures pump 1.3%, Dow Jones futures pump 0.51%;
2. Spot gold returned to $2560/ounce, rising 0.03% intraday; In the encryption market within 12 hours, long orders got liquidated for 39.5553 million US dollars, and short orders got liquidated for 110 million US dollars.
3. The mainstream token market is up, BTC breaks through $62,000, and Ethereum breaks through $2,400.