Gate Ventures: Cryptocurrency market trends diverge, AI and Web3 innovation accelerates

Following the Federal Reserve's 25 basis point interest rate cut to 4–4.25%, the crypto market saw divergent trends, with macroeconomic indicators such as GDP and core PCE remaining in sharp focus. Gold prices reached new highs, driven by expectations of Fed policy. Meanwhile, in the crypto market, Bitcoin remained generally stable, while Ethereum experienced a slight pullback, and the broader altcoin sector saw slight declines.