Yesterday, the interest rate decision announced by the Fed caused a stir in the financial markets. Although the interest rate was maintained in the 4.25%-4.50% range, there was a rare internal disagreement, with two board members voting for a rate cut for the first time, breaking the previous consensus decision-making pattern. The attitude of Fed Chairman Powell also showed subtle changes, suggesting that policy may be shifting.

This decision immediately triggered a sharp reaction in the market. In terms of cryptocurrencies, Bitcoin is under pressure, testing key support levels; while Ethereum shows relative resilience due to its staking yield advantage. Trading volume has significantly increased, indicating that institutional investors are reassessing their portfolios.

Traditional financial markets are also experiencing turbulence. The three major U.S. stock indexes saw a slight rebound after a plunge at the close, with technology stocks performing unevenly. The bond market reacted particularly strongly, with short-term U.S. Treasury yields falling and then rising, and the two-year Treasury yield briefly approaching 3.87%. In the foreign exchange market, the U.S. dollar index rose significantly, reaching an intraday high of 99.881 points.

The precious metals and commodities markets have been severely hit. Spot gold has plummeted over 1.5%, falling below the $3280/ounce mark. Even more shockingly, copper prices in New York once plunged more than 18%, ultimately closing down nearly 17%, causing significant declines in copper-related stocks.

Looking ahead, market participants will closely monitor economic data, inflation trends, and the speeches of Fed officials before the September meeting. These factors will have a significant impact on the next direction of the cryptocurrency market.

This Fed decision and the market reaction it triggered highlight the complexity and uncertainty of the current financial environment. Investors need to stay vigilant and adjust their strategies at any time to cope with potential market fluctuations.