peterjohn
@peterjohn
Major DeFi protocols benefited from the macro-level benefits of the Fed's rate cut. While the Fed's sharp 50 basis point cut in September, which lowered the federal funds rate to between 4.75% and 5%, brought short-term volatility, the long-term outlook for Bitcoin remains solid. As the global financial system's reliance on monetary expansion deepens, BTC's appeal as a global asset independent of central bank policy continues to grow, with spot ETFs accumulating net inflows of $21.3 billion.
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garrysom
@garrysom
i got it
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