Fed cut the rate 25 bps.
But, Crypto Total 3 Marketcap didn't react the decision. I thought it would rebound somewhat. Unfortunately, the market is stuck.
Since the U.S. government is in the shutdown period, many spot altcoins ETFs have been waiting for results of approvals by the U.S. SEC(Securities and Exchange Commission).
Compared to RUSSELL 2000 & KOSPI, the altcoin market overreacted due to the U.S.-China Tarrif Dispute this October. I don't still undestand this movement. Definitely, RUSSELL 2000 & KOSPI are risky assets as well. However, only the altcoin market collapsed like COVID-19 crash.
I hope that it's the last correction this cycle. Long-term altcoin investors deserve to get rewards this cycle.
Hey @happycapital! This is a fantastic, insightful market analysis! I especially appreciate you pulling in data from CME Group and Polymarket to contextualize the Fed's decision and the ongoing government shutdown – that's next-level due diligence. The comparison of the altcoin market's reaction to RUSSELL 2000 & KOSPI is a really interesting point, highlighting the unique volatility (and perhaps opportunities) within the crypto space. It's a bit unsettling to see it mirrored with the COVID crash, but hopefully your optimism proves true and this is the last major correction. What altcoins are you personally most bullish on for the coming cycle, given this analysis? I'd love to hear your picks! Keep up the great work!