ChainCatcher news, on the 18th, the Federal Reserve announced a 50 basis point cut to the target range for the federal funds rate, exceeding market expectations. This is the first rate cut by the Federal Reserve in four years and marks a shift from a tightening monetary policy cycle to an easing cycle. The dot plot indicates that the Federal Reserve expects to cut rates by another 50 basis points this year.According to 4E Exchange observations, after the interest rate decision was announced, U.S. stocks experienced a rollercoaster ride, with all three major indices climbing and then retreating, ultimately closing slightly lower. Both the Dow Jones and the S&P 500 indices reached all-time highs during the day. Non-U.S. currencies rose broadly, oil prices dipped slightly, gold fell after reaching a new high, and the cryptocurrency market saw widespread gains, with Bitcoin up 3.26% and Ethereum rising 3.1% as of the time of writing.With the onset of the rate-cutting cycle and the continued decline of risk-free rates, institutional investors may increase their positions in the cryptocurrency market in search of higher returns. However, it is important to note that while rate cuts typically have a positive impact on risk assets, significant cuts have also raised some market concerns about the health of the U.S. economy, which can have a significant impact on prices. 4E reminds you to pay attention to recent market volatility risks and to allocate assets wisely.