This round of rate cuts, the crypto market's celebration didn't even last ten minutes before being doused with cold water.

The Federal Reserve did indeed cut rates, bringing the interest rate to the 3.5%-3.75% range—third consecutive time, with a 25 basis point cut each time, a steady rhythm like automatic transmission. But the key point is that the attitude behind the rate cut is as firm as a rock.

The dot plot made it clear: one cut each year for the next two years, no more than that. Internal officials are arguing fiercely, with disagreements so big you can imagine the tense atmosphere in the meeting room. Continuing to loosen? Not a chance.

Powell's words are still the old familiar script: soft employment data, inflation acting like a rebellious child, and risks still climbing. Goldman Sachs is even more direct—one sentence sets the tone: the preemptive rate cuts are over, don’t expect any more sweetness ahead.

The crypto circle was originally eager to take off, Bitcoin briefly surged then was pushed back down. The Fed’s moves never follow the usual rules, the market is always guessing. Assets like TRUTH, ETH, ZEC can now only follow the market’s mood and act accordingly.

Ultimately, this rate cut feels more like routine work than a signal gun.