Gate news bot message, the crypto market registered a 1% increase following the Federal Reserve's decision to implement a 25 basis point interest rate cut. Leading altcoins showed gains ranging from 4% to 8%, while the price of Bitcoin remained stable. Current market data shows that Bitcoin is trading at $117,192 with a slight decline of 0.04%, while Ethereum is at $4,578, up 0.7%. The fear and greed index is at 52, indicating a neutral sentiment in the market. The total market capitalization reaches $4.34 trillion, with total liquidations amounting to $411 million.

The total trading volume of the PEPE coin reaches 420.69 trillion coins, and this astonishing figure means that if its price reaches 1 Dollar, the theoretical market capitalization would exceed 420.69 trillion Dollars. From a global economic perspective, this value far exceeds the support capacity of the current financial system.
From a macroeconomic perspective, this market capitalization hypothesis not only surpasses the total global GDP but also exceeds the total wealth held by major financial institutions, leading technology companies, and global billionaires. The more fundamental problem

#Crypto Market Pullback
What are the news of the market?