Greeks.live: Confidence in the cryptocurrency market is currently recovering, and the intensive statements from several Federal Reserve Board members this week are worth noting

PANews reported on September 23rd, Adam, a macro researcher at Greeks.live, posted on the X platform that the Federal Reserve's decision to cut interest rates by 50 basis points last week has significantly boosted the cryptocurrency market. This week, several Fed directors have spoken out intensively and their remarks are worth noting. Token2049 ended without much new information from crypto projects and the market reaction was lukewarm as only coin prices and news affecting them can attract attention. Currently, market confidence is recovering and it is in a bottoming stage.

Looking ahead to the crypto market, a rate cut of 50 basis points has encouraged it with some active projects emerging. The intensive speeches of Fed directors this Thursday deserve attention. At present, the main term IV is at a low level; arranging some medium-to-long-term cost-effective ones would be good as historically October usually sees better performance - now is a good buying opportunity. In addition, Zhao Changpeng will be released from prison this Sunday which could impact related concepts so keep an eye on that too. As for the crypto interest rate market side of things: Bitfinex's interest rate market has been relatively stable recently; suitable interest rate orders can be actively traded especially when there are significant movements in price.