ChainCatcher news, the Federal Reserve announced after the FOMC meeting that the target range for the federal funds rate has been lowered from 5.25% to 5.50% to 4.75% to 5.0%, a decrease of 50 basis points.In response, HashKey Group Chief Analyst Jeffrey Ding stated: The darkness before dawn has passed, and a new wave of market momentum has begun. The Federal Reserve's 50 basis point rate cut signifies its clear concerns about the current economic environment, necessitating a more substantial initiation of the rate-cutting cycle. Recently, the global economy has faced liquidity challenges, and this rate cut decision has injected new vitality into the global financial markets.Bitcoin, as the "digital gold" of the new era, has performed strongly against this backdrop, briefly breaking above $62,000. However, it is not just Bitcoin that benefits; the entire cryptocurrency market is expected to experience a new wave of momentum under the loose monetary policy. It is important to note that, unlike traditional markets, Bitcoin's performance is more influenced by the liquidity of the dollar rather than changes in the U.S. economic outlook. This means that in the future loose monetary environment, Bitcoin may continue to be the preferred asset for investors seeking to hedge against inflation and seek safe havens.As the rate-cutting cycle continues, the cryptocurrency market may enter a longer period of upward momentum. Market volatility still exists, but this round of cryptocurrency trends may attract more funds and innovation into the field, pushing the entire crypto ecosystem into a new stage of development.

ChainCatcher news, according to CNBC, Fundstrat co-founder Tom Lee stated, "I still believe that Bitcoin will reach $150,000, and the suspense surrounding Mt. Gox will disappear in the second half of the year."Tom Lee mentioned in May that Fundstrat believes Bitcoin is still in the early stages of an upward cycle, so the idea that Bitcoin could reach $150,000 this year remains within the firm's fundamental assumptions. Lee explained his reasoning by pointing out that this is due to macroeconomic changes from the United States.

ChainCatcher news, according to Cointelegraph, Fundstrat Global Advisors managing partner Tom Lee stated that Fundstrat believes Bitcoin is still in the early stages of an upward cycle, so the idea that Bitcoin could reach $150,000 this year remains within the firm's fundamental assumptions.In explaining his reasoning, Lee pointed out that this is due to macroeconomic changes from the United States.