The cryptocurrency markets have had a massive surge in price levels as a direct result of 1 thing, the FED RATE CUT. On the 18th of September Jerome Powell announced that the FED was reducing interest rates by 50bps. A move that was being speculated at anything between 25bps all the way up to 75bps. The 50bps was in fact a surprise and was followed by a suggestion that another 50bps rate cut would be due later this year. The markets responded positively and this has seen prices of all major crypto, aside from just Bitcoin, rising sharply. The ‘risk on’ narrative seems to be back. For now we will take it!

The Bitcoin market has been tracking sideways for the last 6 months in a range while many Altcoins have seen up to 90% drawdowns since their previous highs earlier this year. Its a welcome rally for many hodlers. Some standout performers have been $SUI $APT and $FTM. Its important to remember that the quality projects that have been heavily funded, well developed and supported always have strong comebacks.

Its been clear that some of the sectors gaining the attention have been the Ai, L1’s and Memecoins.

Ai overall appears to be the most exciting prospect in tech right now. There are some real contenders making strong moves like $TAO and for good reason. A highly successful project, Bittensor is one of our favorite picks for the coming bullrun and the future in general.