C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang h&ocirc;m nay &#273;&atilde; c&ocirc;ng b&#7889; c&#7855;t gi&#7843;m l&atilde;i su&#7845;t 25 &#273;i&#7875;m c&#417; b&#7843;n, v&#7899;i l&yacute; do &#273;i&#7873;u ki&#7879;n th&#7883; tr&#432;&#7901;ng lao &#273;&#7897;ng kh&ocirc;ng &#7893;n &#273;&#7883;nh v&agrave; l&#7841;m ph&aacute;t gia t&#259;ng.
&#272;&#7889;i v&#7899;i ng&#432;&#7901;i M&#7929; b&igrave;nh th&#432;&#7901;ng, vi&#7879;c c&#7855;t gi&#7843;m l&atilde;i su&#7845;t n&agrave;y c&oacute; ngh&#297;a l&agrave; chi ph&iacute; vay th&#7845;p h&#417;n v&agrave; c&oacute; th&#7875; l&agrave; m&#7897;t &#273;&#7897;ng l&#7921;c t&iacute;ch c&#7921;c cho th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917;. Tuy nhi&ecirc;n, quy&#7871;t &#273;&#7883;nh n&agrave;y c&#361;ng mang l&#7841;i r&#7911;i ro l&#7841;m ph&aacute;t gia t&#259;ng v&agrave; lo ng&#7841;i v&#7873; s&#7921; &#273;&#7897;c l&#7853;p c&#7911;a Fed.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-fed-cuts-rates-for-the-first-time-in-9-months">Fed gi&#7843;m l&atilde;i su&#7845;t l&#7847;n &#273;&#7847;u ti&ecirc;n sau 9 th&aacute;ng</h2>

Gi&aacute; Bitcoin &#273;&atilde; t&#259;ng ngay sau khi <a href="https://vn.beincrypto.com/federal-reserve-resume-interest-rate-cuts/" target="_blank" rel="noreferrer noopener">C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang M&#7929; c&#7855;t gi&#7843;m l&atilde;i su&#7845;t</a> 25 &#273;i&#7875;m c&#417; b&#7843;n v&agrave;o th&#7913; T&#432;.
&#7910;y ban Th&#7883; tr&#432;&#7901;ng M&#7903; Li&ecirc;n bang (FOMC) &#273;&atilde; l&agrave;m &#273;i&#7873;u m&agrave; nhi&#7873;u nh&agrave; kinh t&#7871; v&agrave; nh&agrave; giao d&#7883;ch d&#7921; &#273;o&aacute;n: H&#7885; &#273;&atilde; c&#7855;t gi&#7843;m l&atilde;i su&#7845;t qu&#7929; li&ecirc;n bang chu&#7849;n xu&#7889;ng m&#7913;c th&#7845;p h&#417;n t&#7915; 4.00% &#273;&#7871;n 4.25%. &#272;&acirc;y l&agrave; l&#7847;n c&#7855;t gi&#7843;m l&atilde;i su&#7845;t &#273;&#7847;u ti&ecirc;n trong ch&iacute;n th&aacute;ng, sau l&#7847;n c&#7855;t gi&#7843;m 25 &#273;i&#7875;m c&#417; b&#7843;n v&agrave;o th&aacute;ng 12/2024.
<img style="height:400px;width:640px;" decoding="async" alt="93% of Polymarket voters predicted a rate cut of 25 bps during today's FOMC meeting. Source: Polymarket." class="wp-image-743050 lazy" loading="lazy" src="https://assets.beincrypto.com/img/OkdL2BmNGvYcFlyqW_atc0wro14=/smart/817bfa397449480b8ce945a45baa780a">93% ng&#432;&#7901;i tham gia Polymarket d&#7921; &#273;o&aacute;n c&#7855;t gi&#7843;m l&atilde;i su&#7845;t 25 &#273;i&#7875;m c&#417; b&#7843;n trong cu&#7897;c h&#7885;p FOMC h&ocirc;m nay. Ngu&#7891;n: <a href="https://polymarket.com/dashboards/fed-rates" target="_blank" rel="noreferrer noopener nofollow">Polymarket</a>.

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&ldquo;&#272;&#7875; h&#7895; tr&#7907; c&aacute;c m&#7909;c ti&ecirc;u c&#7911;a m&igrave;nh, &#7910;y ban &#273;&atilde; quy&#7871;t &#273;&#7883;nh h&#7841; ph&#7841;m vi m&#7909;c ti&ecirc;u cho l&atilde;i su&#7845;t qu&#7929; li&ecirc;n bang xu&#7889;ng 1/4 &#273;i&#7875;m ph&#7847;n tr&#259;m, t&#7915; 4 &#273;&#7871;n 4-1/4 ph&#7847;n tr&#259;m,&rdquo; C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang cho bi&#7871;t trong m&#7897;t <a href="https://www.federalreserve.gov/newsevents/pressreleases/monetary20250917a.htm" target="_blank" rel="noreferrer noopener nofollow">tuy&ecirc;n b&#7889;</a>. &ldquo;C&aacute;c ch&#7881; s&#7889; g&#7847;n &#273;&acirc;y cho th&#7845;y t&#259;ng tr&#432;&#7903;ng ho&#7841;t &#273;&#7897;ng kinh t&#7871; &#273;&atilde; ch&#7853;m l&#7841;i trong n&#7917;a &#273;&#7847;u n&#259;m. S&#7889; l&#432;&#7907;ng vi&#7879;c l&agrave;m t&#259;ng ch&#7853;m l&#7841;i v&agrave; t&#7927; l&#7879; th&#7845;t nghi&#7879;p &#273;&atilde; t&#259;ng nh&#7865; nh&#432;ng v&#7851;n &#7903; m&#7913;c th&#7845;p. L&#7841;m ph&aacute;t &#273;&atilde; t&#259;ng l&ecirc;n v&agrave; v&#7851;n &#7903; m&#7913;c cao.&rdquo;
</blockquote>

V&#7873; kh&#7843; n&#259;ng c&#7855;t gi&#7843;m l&atilde;i su&#7845;t th&ecirc;m, h&#7885; cho bi&#7871;t:
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&ldquo;Khi xem x&eacute;t m&#7913;c &#273;&#7897; v&agrave; th&#7901;i &#273;i&#7875;m &#273;i&#7873;u ch&#7881;nh th&ecirc;m ph&#7841;m vi m&#7909;c ti&ecirc;u cho l&atilde;i su&#7845;t qu&#7929; li&ecirc;n bang, &#7910;y ban s&#7869; &#273;&aacute;nh gi&aacute; c&#7849;n th&#7853;n d&#7919; li&#7879;u m&#7899;i, tri&#7875;n v&#7885;ng ph&aacute;t tri&#7875;n v&agrave; c&acirc;n b&#7857;ng r&#7911;i ro.&rdquo;
</blockquote>

T&aacute;c &#273;&#7897;ng c&#7911;a quy&#7871;t &#273;&#7883;nh n&agrave;y &#273;&#7889;i v&#7899;i Bitcoin c&#361;ng c&oacute; th&#7875; &#7843;nh h&#432;&#7903;ng t&iacute;ch c&#7921;c &#273;&#7871;n ph&#7847;n c&ograve;n l&#7841;i c&#7911;a th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917; trong nh&#7919;ng ng&agrave;y t&#7899;i.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-a-positive-catalyst-for-crypto">M&#7897;t ch&#7845;t x&uacute;c t&aacute;c t&iacute;ch c&#7921;c cho crypto?</h2>

Th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917; &#273;&atilde; th&#7853;n tr&#7885;ng l&#7841;c quan tr&#432;&#7899;c khi Fed quy&#7871;t &#273;&#7883;nh v&#7873; l&atilde;i su&#7845;t. Gi&#7901; &#273;&acirc;y khi <a href="https://beincrypto.com/learn/fed-rate-cut-crypto-impact/" target="_blank" rel="noreferrer noopener">vi&#7879;c c&#7855;t gi&#7843;m tr&#7903; th&agrave;nh hi&#7879;n th&#7921;c</a>, c&oacute; th&#7875; c&oacute; nh&#7919;ng &#273;i&#7873;u t&#7889;t &#273;&#7865;p &#273;ang ch&#7901; &#273;&#7907;i c&aacute;c nh&agrave; giao d&#7883;ch. Theo d&#7919; li&#7879;u t&#7915; CryptoQuant, c&aacute;c nh&agrave; &#273;&#7847;u t&#432; &#273;&atilde; s&#7861;n s&agrave;ng &#273;&#7875; mua.
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&ldquo;N&oacute;i chung, vi&#7879;c Fed c&#7855;t gi&#7843;m l&agrave; m&#7897;t &#273;&#7897;ng l&#7921;c t&iacute;ch c&#7921;c cho c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro nh&#432; ti&#7873;n &#273;i&#7879;n t&#7917;,&rdquo; Julio Moreno, Tr&#432;&#7903;ng ph&ograve;ng Nghi&ecirc;n c&#7913;u t&#7841;i CryptoQuant cho bi&#7871;t.
</blockquote>

C&aacute;c nh&agrave; &#273;&#7847;u t&#432; &#273;ang gi&#7919; c&aacute;c t&agrave;i s&#7843;n ti&#7873;n &#273;i&#7879;n t&#7917; c&oacute; gi&aacute; tr&#7883; nh&#7845;t c&#7911;a h&#7885;, bao g&#7891;m Bitcoin v&agrave; Ethereum. &#272;&#7897;ng th&aacute;i n&agrave;y cho th&#7845;y r&#7857;ng nh&#7919;ng ng&#432;&#7901;i n&#7855;m gi&#7919; l&#7899;n kh&ocirc;ng ho&#7843;ng lo&#7841;n v&agrave; <a href="https://vn.beincrypto.com/cryptos-signal-divergence-ahead-of-fed-rate-decision/" target="_blank" rel="noreferrer noopener">c&oacute; kh&#7843; n&#259;ng k&#7923; v&#7885;ng gi&aacute; s&#7869; t&#259;ng</a> sau khi c&#7855;t gi&#7843;m.
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&ldquo;&#272;&#7889;i v&#7899;i BTC v&agrave; ETH, c&oacute; v&#7867; nh&#432; c&aacute;c nh&agrave; &#273;&#7847;u t&#432; &#273;ang k&#7923; v&#7885;ng m&#7897;t &#273;&#7907;t t&#259;ng gi&aacute; khi d&ograve;ng ti&#7873;n v&agrave;o c&aacute;c s&agrave;n giao d&#7883;ch &#7903; m&#7913;c th&#7845;p &ndash; &#273;i&#7873;u n&agrave;y c&oacute; ngh&#297;a l&agrave; h&#7885; kh&ocirc;ng c&oacute; &yacute; &#273;&#7883;nh b&aacute;n,&rdquo; Moreno n&oacute;i th&ecirc;m.
</blockquote>

Trong khi &#273;&oacute;, ti&#7873;n &#273;ang ch&#7843;y v&agrave;o stablecoin. Moreno gi&#7843;i th&iacute;ch r&#7857;ng c&aacute;c t&agrave;i s&#7843;n n&agrave;y th&#432;&#7901;ng &#273;&#432;&#7907;c s&#7917; d&#7909;ng nh&#432; ti&#7873;n m&#7863;t tr&ecirc;n c&aacute;c s&agrave;n giao d&#7883;ch, &#273;i&#7873;u n&agrave;y cho th&#7845;y c&aacute;c nh&agrave; &#273;&#7847;u t&#432; &#273;ang chu&#7849;n b&#7883; &#273;&#7875; mua.
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&ldquo;C&aacute;c kho&#7843;n ti&#7873;n g&#7917;i stablecoin cao h&#417;n l&agrave; &lsquo;b&#7897;t kh&ocirc;&rsquo; c&#7911;a c&aacute;c nh&agrave; &#273;&#7847;u t&#432; tr&#432;&#7899;c khi tri&#7875;n khai v&#7889;n (mua),&rdquo; &ocirc;ng n&oacute;i.
</blockquote>

D&#7919; li&#7879;u tr&ecirc;n chu&#7895;i c&#361;ng cho th&#7845;y m&#7897;t s&#7889; nh&agrave; &#273;&#7847;u t&#432; &#273;ang r&uacute;t ti&#7873;n t&#7915; c&aacute;c t&agrave;i s&#7843;n &iacute;t gi&aacute; tr&#7883; h&#417;n c&#7911;a h&#7885;, nh&#432; altcoin. &#272;i&#7873;u n&agrave;y cho th&#7845;y s&#7921; th&#7853;n tr&#7885;ng ho&#7863;c m&#7897;t &#273;&#7897;ng th&aacute;i chi&#7871;n l&#432;&#7907;c &#273;&#7875; chu&#7849;n b&#7883; cho s&#7921; ki&#7879;n ch&iacute;nh.
H&#7847;u h&#7871;t d&#7919; li&#7879;u ph&ugrave; h&#7907;p v&#7899;i c&aacute;ch th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917; &#273;&atilde; ph&#7843;n &#7913;ng l&#7883;ch s&#7917; v&#7899;i vi&#7879;c c&#7855;t gi&#7843;m l&atilde;i su&#7845;t. Chi ph&iacute; vay th&#7845;p h&#417;n &#273;&atilde; khuy&#7871;n kh&iacute;ch c&aacute;c nh&agrave; &#273;&#7847;u t&#432; t&igrave;m ki&#7871;m l&#7907;i nhu&#7853;n cao h&#417;n trong c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro, mang t&iacute;nh &#273;&#7847;u c&#417; h&#417;n.
Vi&#7879;c c&#7855;t gi&#7843;m l&atilde;i su&#7845;t gi&#7919;a n&#259;m 2020 v&agrave; 2021, sau &#273;&#7841;i d&#7883;ch COVID-19, l&agrave; m&#7897;t v&iacute; d&#7909; quan tr&#7885;ng v&#7873; c&aacute;ch n&#7899;i l&#7887;ng t&agrave;i ch&iacute;nh n&agrave;y <a href="https://vn.beincrypto.com/quantitative-easing-unnecessary-say-experts-amid-current-market-turmoil/" target="_blank" rel="noreferrer noopener">&#273;&atilde; th&uacute;c &#273;&#7849;y m&#7897;t &#273;&#7907;t t&#259;ng gi&aacute; l&#7883;ch s&#7917;</a> trong ti&#7873;n &#273;i&#7879;n t&#7917;. Trong th&#7901;i gian &#273;&oacute;, d&ograve;ng v&#7889;n &#273;&#7893; v&agrave;o &#273;&atilde; tr&#7921;c ti&#7871;p chuy&#7875;n th&agrave;nh s&#7921; gia t&#259;ng kh&#7849;u v&#7883; r&#7911;i ro trong s&#7889; c&aacute;c nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867;.
Tuy nhi&ecirc;n, m&#7889;i quan h&#7879; gi&#7919;a vi&#7879;c c&#7855;t gi&#7843;m l&atilde;i su&#7845;t v&agrave; th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917; kh&ocirc;ng ph&#7843;i l&uacute;c n&agrave;o c&#361;ng tuy&#7871;n t&iacute;nh.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-a-politically-charged-decision">M&#7897;t quy&#7871;t &#273;&#7883;nh mang t&iacute;nh ch&iacute;nh tr&#7883;</h2>

Th&ocirc;ng b&aacute;o c&#7911;a Powell &#273;&#432;&#7907;c &#273;&#432;a ra trong b&#7889;i c&#7843;nh c&#259;ng th&#7859;ng gia t&#259;ng gi&#7919;a C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang v&agrave; ch&iacute;nh quy&#7873;n Trump. K&#7875; t&#7915; khi nh&#7853;m ch&#7913;c, Trump &#273;&atilde; nhi&#7873;u l&#7847;n g&acirc;y &aacute;p l&#7921;c bu&#7897;c FOMC ph&#7843;i c&#7855;t gi&#7843;m l&atilde;i su&#7845;t, th&#7853;m ch&iacute; c&#7889; g&#7855;ng sa th&#7843;i Th&#7889;ng &#273;&#7889;c Fed Lisa Cook.
Ch&#7881; m&#7899;i h&ocirc;m qua, Th&#432;&#7907;ng vi&#7879;n &#273;&atilde; x&aacute;c nh&#7853;n Stephen Miran, c&#7921;u c&#7889; v&#7845;n kinh t&#7871; h&agrave;ng &#273;&#7847;u c&#7911;a Trump, v&agrave;o Ban Th&#7889;ng &#273;&#7889;c c&#7911;a C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang.
Nh&#7919;ng &aacute;p l&#7921;c li&ecirc;n t&#7909;c n&agrave;y &#273;&atilde; <a href="https://vn.beincrypto.com/fed-under-fire-dollar-in-danger-bitcoin/" target="_blank" rel="noreferrer noopener">g&acirc;y ra s&#7921; gi&aacute;m s&aacute;t v&#7873; s&#7921; &#273;&#7897;c l&#7853;p c&#7911;a Fed</a> trong qu&aacute; tr&igrave;nh ra quy&#7871;t &#273;&#7883;nh c&#7911;a m&igrave;nh. Li&#7879;u Powell c&#7855;t gi&#7843;m l&atilde;i su&#7845;t v&igrave; t&igrave;nh tr&#7841;ng c&#7911;a n&#7873;n kinh t&#7871; hay d&#432;&#7899;i &aacute;p l&#7921;c t&#7915; ch&iacute;nh quy&#7873;n v&#7851;n c&ograve;n m&#417; h&#7891;. Do &#273;&oacute;, c&aacute;c chuy&ecirc;n gia v&#7851;n chia r&#7869; v&#7873; vi&#7879;c li&#7879;u vi&#7879;c c&#7855;t gi&#7843;m c&oacute; th&#7921;c s&#7921; c&#7847;n thi&#7871;t hay kh&ocirc;ng.
N&#7871;u quy&#7871;t &#273;&#7883;nh h&ocirc;m nay ch&#7911; y&#7871;u b&#7883; &#7843;nh h&#432;&#7903;ng b&#7903;i &aacute;p l&#7921;c ch&iacute;nh tr&#7883;, n&oacute; c&oacute; th&#7875; <a href="https://beincrypto.com/learn/protect-yourself-from-inflation-using-cryptocurrency/" target="_blank" rel="noreferrer noopener">d&#7851;n &#273;&#7871;n l&#7841;m ph&aacute;t cao h&#417;n</a>, l&agrave;m gi&#7843;m s&#7913;c mua c&#7911;a ng&#432;&#7901;i M&#7929; v&agrave; khi&#7871;n n&#7873;n kinh t&#7871; tr&#7903; n&ecirc;n qu&aacute; n&oacute;ng. S&#7921; bi&#7871;n &#273;&#7897;ng n&agrave;y c&#361;ng s&#7869; l&agrave;m gi&#7843;m kh&#7849;u v&#7883; r&#7911;i ro, <a href="https://vn.beincrypto.com/us-ppi-data-inflation-lower-crypto-reaction-muted/" target="_blank" rel="noreferrer noopener">k&eacute;o kh&#7889;i l&#432;&#7907;ng giao d&#7883;ch ra kh&#7887;i</a> th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917;.&nbsp;
&#272;i&#7873;u &#273;&oacute; n&oacute;i l&ecirc;n r&#7857;ng, n&#7873;n kinh t&#7871; M&#7929; &#273;&atilde; tr&#7843;i qua nhi&#7873;u bi&#7871;n &#273;&#7897;ng &#273;&aacute;ng k&#7875; trong nh&#7919;ng th&aacute;ng g&#7847;n &#273;&acirc;y.&nbsp;
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-what-s-next-for-the-american-consumer">&#272;i&#7873;u g&igrave; ti&#7871;p theo cho ng&#432;&#7901;i ti&ecirc;u d&ugrave;ng M&#7929;?</h2>

D&#7919; li&#7879;u g&#7847;n &#273;&acirc;y cho th&#7845;y th&#7883; tr&#432;&#7901;ng vi&#7879;c l&agrave;m &#273;ang y&#7871;u &#273;i r&otilde; r&#7879;t v&#7899;i t&#259;ng tr&#432;&#7903;ng vi&#7879;c l&agrave;m ch&#7853;m h&#417;n so v&#7899;i &#432;&#7899;c t&iacute;nh tr&#432;&#7899;c &#273;&oacute;. L&#7841;m ph&aacute;t c&#361;ng <a href="https://vn.beincrypto.com/bitcoin-climbs-us-inflation-data-lands-below-target/" target="_blank" rel="noreferrer noopener">v&#7851;n l&agrave; m&#7897;t m&#7889;i lo ng&#7841;i l&#7899;n</a>.
Ch&#7881; s&#7889; gi&aacute; ti&ecirc;u d&ugrave;ng c&aacute; nh&acirc;n (PCE), th&#432;&#7899;c &#273;o l&#7841;m ph&aacute;t &#432;a th&iacute;ch c&#7911;a Fed, d&#7921; ki&#7871;n s&#7869; duy tr&igrave; &#7903; m&#7913;c cao h&#417;n nhi&#7873;u so v&#7899;i m&#7909;c ti&ecirc;u 2% c&#7911;a ng&acirc;n h&agrave;ng trung &#432;&#417;ng. &#272;i&#7873;u n&agrave;y m&#7897;t ph&#7847;n do thu&#7871; nh&#7853;p kh&#7849;u c&#7911;a Trump, m&agrave; c&aacute;c nh&agrave; kinh t&#7871; c&#7843;nh b&aacute;o c&oacute; th&#7875; l&agrave;m t&#259;ng gi&aacute; trong nh&#7919;ng th&aacute;ng t&#7899;i.
Nh&#7919;ng th&aacute;ng t&#7899;i s&#7869; quy&#7871;t &#273;&#7883;nh li&#7879;u &#273;&#7907;t c&#7855;t gi&#7843;m l&atilde;i su&#7845;t m&#7899;i n&agrave;y c&oacute; hi&#7879;u qu&#7843; trong vi&#7879;c c&acirc;n b&#7857;ng hai nhi&#7879;m v&#7909; c&#7911;a Fed l&agrave; t&#7889;i &#273;a h&oacute;a vi&#7879;c l&agrave;m v&agrave; &#7893;n &#273;&#7883;nh gi&aacute; c&#7843; hay kh&ocirc;ng. Ch&uacute;ng c&#361;ng s&#7869; l&agrave; y&#7871;u t&#7889; quan tr&#7885;ng &#273;&#7875; x&aacute;c &#273;&#7883;nh li&#7879;u th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917; c&oacute; th&#7875; h&#432;&#7903;ng l&#7907;i l&#7847;n n&agrave;y hay kh&ocirc;ng.

Bitcoin tăng khi Cục Dự trữ Liên bang Mỹ chọn cắt giảm lãi suất 25bps

C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang h&ocirc;m nay &#273;&atilde; c&ocirc;ng b&#7889; c&#7855;t gi&#7843;m l&atilde;i su&#7845;t 25 &#273;i&#7875;m c&#417; b&#7843;n, v&#7899;i l&yacute; do &#273;i&#7873;u ki&#7879;n th&#7883; tr&#432;&#7901;ng lao &#273;&#7897;ng kh&ocirc;ng &#7893;n &#273;&#7883;nh v&agrave; l&#7841;m ph&aacute;t gia t&#259;ng.
&#272;&#7889;i v&#7899;i ng&#432;&#7901;i M&#7929; b&igrave;nh th&#432;&#7901;ng, vi&#7879;c c&#7855;t gi&#7843;m l&atilde;i su&#7845;t n&agrave;y c&oacute; ngh&#297;a l&agrave; chi ph&iacute; vay th&#7845;p h&#417;n v&agrave; c&oacute; th&#7875; l&agrave; m&#7897;t &#273;&#7897;ng l&#7921;c t&iacute;ch c&#7921;c cho th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917;. Tuy nhi&ecirc;n, quy&#7871;t &#273;&#7883;nh n&agrave;y c&#361;ng mang l&#7841;i r&#7911;i ro l&#7841;m ph&aacute;t gia t&#259;ng v&agrave; lo ng&#7841;i v&#7873; s&#7921; &#273;&#7897;c l&#7853;p c&#7911;a Fed.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-fed-cuts-rates-for-the-first-time-in-9-months">Fed gi&#7843;m l&atilde;i su&#7845;t l&#7847;n &#273;&#7847;u ti&ecirc;n sau 9 th&aacute;ng</h2>

Gi&aacute; Bitcoin &#273;&atilde; t&#259;ng ngay sau khi <a href="https://vn.beincrypto.com/federal-reserve-resume-interest-rate-cuts/" target="_blank" rel="noreferrer noopener">C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang M&#7929; c&#7855;t gi&#7843;m l&atilde;i su&#7845;t</a> 25 &#273;i&#7875;m c&#417; b&#7843;n v&agrave;o th&#7913; T&#432;.
&#7910;y ban Th&#7883; tr&#432;&#7901;ng M&#7903; Li&ecirc;n bang (FOMC) &#273;&atilde; l&agrave;m &#273;i&#7873;u m&agrave; nhi&#7873;u nh&agrave; kinh t&#7871; v&agrave; nh&agrave; giao d&#7883;ch d&#7921; &#273;o&aacute;n: H&#7885; &#273;&atilde; c&#7855;t gi&#7843;m l&atilde;i su&#7845;t qu&#7929; li&ecirc;n bang chu&#7849;n xu&#7889;ng m&#7913;c th&#7845;p h&#417;n t&#7915; 4.00% &#273;&#7871;n 4.25%. &#272;&acirc;y l&agrave; l&#7847;n c&#7855;t gi&#7843;m l&atilde;i su&#7845;t &#273;&#7847;u ti&ecirc;n trong ch&iacute;n th&aacute;ng, sau l&#7847;n c&#7855;t gi&#7843;m 25 &#273;i&#7875;m c&#417; b&#7843;n v&agrave;o th&aacute;ng 12/2024.
<img style="height:400px;width:640px;"decoding="async" alt="93% of Polymarket voters predicted a rate cut of 25 bps during today's FOMC meeting. Source: Polymarket." class="wp-image-743050 lazy" loading="lazy" src="https://assets.beincrypto.com/img/OkdL2BmNGvYcFlyqW_atc0wro14=/smart/817bfa397449480b8ce945a45baa780a">93% ng&#432;&#7901;i tham gia Polymarket d&#7921; &#273;o&aacute;n c&#7855;t gi&#7843;m l&atilde;i su&#7845;t 25 &#273;i&#7875;m c&#417; b&#7843;n trong cu&#7897;c h&#7885;p FOMC h&ocirc;m nay. Ngu&#7891;n: <a href="https://polymarket.com/dashboards/fed-rates" target="_blank" rel="noreferrer noopener nofollow">Polymarket</a>.

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&ldquo;&#272;&#7875; h&#7895; tr&#7907; c&aacute;c m&#7909;c ti&ecirc;u c&#7911;a m&igrave;nh, &#7910;y ban &#273;&atilde; quy&#7871;t &#273;&#7883;nh h&#7841; ph&#7841;m vi m&#7909;c ti&ecirc;u cho l&atilde;i su&#7845;t qu&#7929; li&ecirc;n bang xu&#7889;ng 1/4 &#273;i&#7875;m ph&#7847;n tr&#259;m, t&#7915; 4 &#273;&#7871;n 4-1/4 ph&#7847;n tr&#259;m,&rdquo; C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang cho bi&#7871;t trong m&#7897;t <a href="https://www.federalreserve.gov/newsevents/pressreleases/monetary20250917a.htm" target="_blank" rel="noreferrer noopener nofollow">tuy&ecirc;n b&#7889;</a>. &ldquo;C&aacute;c ch&#7881; s&#7889; g&#7847;n &#273;&acirc;y cho th&#7845;y t&#259;ng tr&#432;&#7903;ng ho&#7841;t &#273;&#7897;ng kinh t&#7871; &#273;&atilde; ch&#7853;m l&#7841;i trong n&#7917;a &#273;&#7847;u n&#259;m. S&#7889; l&#432;&#7907;ng vi&#7879;c l&agrave;m t&#259;ng ch&#7853;m l&#7841;i v&agrave; t&#7927; l&#7879; th&#7845;t nghi&#7879;p &#273;&atilde; t&#259;ng nh&#7865; nh&#432;ng v&#7851;n &#7903; m&#7913;c th&#7845;p. L&#7841;m ph&aacute;t &#273;&atilde; t&#259;ng l&ecirc;n v&agrave; v&#7851;n &#7903; m&#7913;c cao.&rdquo;
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V&#7873; kh&#7843; n&#259;ng c&#7855;t gi&#7843;m l&atilde;i su&#7845;t th&ecirc;m, h&#7885; cho bi&#7871;t:
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&ldquo;Khi xem x&eacute;t m&#7913;c &#273;&#7897; v&agrave; th&#7901;i &#273;i&#7875;m &#273;i&#7873;u ch&#7881;nh th&ecirc;m ph&#7841;m vi m&#7909;c ti&ecirc;u cho l&atilde;i su&#7845;t qu&#7929; li&ecirc;n bang, &#7910;y ban s&#7869; &#273;&aacute;nh gi&aacute; c&#7849;n th&#7853;n d&#7919; li&#7879;u m&#7899;i, tri&#7875;n v&#7885;ng ph&aacute;t tri&#7875;n v&agrave; c&acirc;n b&#7857;ng r&#7911;i ro.&rdquo;
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T&aacute;c &#273;&#7897;ng c&#7911;a quy&#7871;t &#273;&#7883;nh n&agrave;y &#273;&#7889;i v&#7899;i Bitcoin c&#361;ng c&oacute; th&#7875; &#7843;nh h&#432;&#7903;ng t&iacute;ch c&#7921;c &#273;&#7871;n ph&#7847;n c&ograve;n l&#7841;i c&#7911;a th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917; trong nh&#7919;ng ng&agrave;y t&#7899;i.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-a-positive-catalyst-for-crypto">M&#7897;t ch&#7845;t x&uacute;c t&aacute;c t&iacute;ch c&#7921;c cho crypto?</h2>

Th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917; &#273;&atilde; th&#7853;n tr&#7885;ng l&#7841;c quan tr&#432;&#7899;c khi Fed quy&#7871;t &#273;&#7883;nh v&#7873; l&atilde;i su&#7845;t. Gi&#7901; &#273;&acirc;y khi <a href="https://beincrypto.com/learn/fed-rate-cut-crypto-impact/" target="_blank" rel="noreferrer noopener">vi&#7879;c c&#7855;t gi&#7843;m tr&#7903; th&agrave;nh hi&#7879;n th&#7921;c</a>, c&oacute; th&#7875; c&oacute; nh&#7919;ng &#273;i&#7873;u t&#7889;t &#273;&#7865;p &#273;ang ch&#7901; &#273;&#7907;i c&aacute;c nh&agrave; giao d&#7883;ch. Theo d&#7919; li&#7879;u t&#7915; CryptoQuant, c&aacute;c nh&agrave; &#273;&#7847;u t&#432; &#273;&atilde; s&#7861;n s&agrave;ng &#273;&#7875; mua.
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&ldquo;N&oacute;i chung, vi&#7879;c Fed c&#7855;t gi&#7843;m l&agrave; m&#7897;t &#273;&#7897;ng l&#7921;c t&iacute;ch c&#7921;c cho c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro nh&#432; ti&#7873;n &#273;i&#7879;n t&#7917;,&rdquo; Julio Moreno, Tr&#432;&#7903;ng ph&ograve;ng Nghi&ecirc;n c&#7913;u t&#7841;i CryptoQuant cho bi&#7871;t.
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C&aacute;c nh&agrave; &#273;&#7847;u t&#432; &#273;ang gi&#7919; c&aacute;c t&agrave;i s&#7843;n ti&#7873;n &#273;i&#7879;n t&#7917; c&oacute; gi&aacute; tr&#7883; nh&#7845;t c&#7911;a h&#7885;, bao g&#7891;m Bitcoin v&agrave; Ethereum. &#272;&#7897;ng th&aacute;i n&agrave;y cho th&#7845;y r&#7857;ng nh&#7919;ng ng&#432;&#7901;i n&#7855;m gi&#7919; l&#7899;n kh&ocirc;ng ho&#7843;ng lo&#7841;n v&agrave; <a href="https://vn.beincrypto.com/cryptos-signal-divergence-ahead-of-fed-rate-decision/" target="_blank" rel="noreferrer noopener">c&oacute; kh&#7843; n&#259;ng k&#7923; v&#7885;ng gi&aacute; s&#7869; t&#259;ng</a> sau khi c&#7855;t gi&#7843;m.
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&ldquo;&#272;&#7889;i v&#7899;i BTC v&agrave; ETH, c&oacute; v&#7867; nh&#432; c&aacute;c nh&agrave; &#273;&#7847;u t&#432; &#273;ang k&#7923; v&#7885;ng m&#7897;t &#273;&#7907;t t&#259;ng gi&aacute; khi d&ograve;ng ti&#7873;n v&agrave;o c&aacute;c s&agrave;n giao d&#7883;ch &#7903; m&#7913;c th&#7845;p &ndash; &#273;i&#7873;u n&agrave;y c&oacute; ngh&#297;a l&agrave; h&#7885; kh&ocirc;ng c&oacute; &yacute; &#273;&#7883;nh b&aacute;n,&rdquo; Moreno n&oacute;i th&ecirc;m.
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Trong khi &#273;&oacute;, ti&#7873;n &#273;ang ch&#7843;y v&agrave;o stablecoin. Moreno gi&#7843;i th&iacute;ch r&#7857;ng c&aacute;c t&agrave;i s&#7843;n n&agrave;y th&#432;&#7901;ng &#273;&#432;&#7907;c s&#7917; d&#7909;ng nh&#432; ti&#7873;n m&#7863;t tr&ecirc;n c&aacute;c s&agrave;n giao d&#7883;ch, &#273;i&#7873;u n&agrave;y cho th&#7845;y c&aacute;c nh&agrave; &#273;&#7847;u t&#432; &#273;ang chu&#7849;n b&#7883; &#273;&#7875; mua.
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&ldquo;C&aacute;c kho&#7843;n ti&#7873;n g&#7917;i stablecoin cao h&#417;n l&agrave; &lsquo;b&#7897;t kh&ocirc;&rsquo; c&#7911;a c&aacute;c nh&agrave; &#273;&#7847;u t&#432; tr&#432;&#7899;c khi tri&#7875;n khai v&#7889;n (mua),&rdquo; &ocirc;ng n&oacute;i.
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D&#7919; li&#7879;u tr&ecirc;n chu&#7895;i c&#361;ng cho th&#7845;y m&#7897;t s&#7889; nh&agrave; &#273;&#7847;u t&#432; &#273;ang r&uacute;t ti&#7873;n t&#7915; c&aacute;c t&agrave;i s&#7843;n &iacute;t gi&aacute; tr&#7883; h&#417;n c&#7911;a h&#7885;, nh&#432; altcoin. &#272;i&#7873;u n&agrave;y cho th&#7845;y s&#7921; th&#7853;n tr&#7885;ng ho&#7863;c m&#7897;t &#273;&#7897;ng th&aacute;i chi&#7871;n l&#432;&#7907;c &#273;&#7875; chu&#7849;n b&#7883; cho s&#7921; ki&#7879;n ch&iacute;nh.
H&#7847;u h&#7871;t d&#7919; li&#7879;u ph&ugrave; h&#7907;p v&#7899;i c&aacute;ch th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917; &#273;&atilde; ph&#7843;n &#7913;ng l&#7883;ch s&#7917; v&#7899;i vi&#7879;c c&#7855;t gi&#7843;m l&atilde;i su&#7845;t. Chi ph&iacute; vay th&#7845;p h&#417;n &#273;&atilde; khuy&#7871;n kh&iacute;ch c&aacute;c nh&agrave; &#273;&#7847;u t&#432; t&igrave;m ki&#7871;m l&#7907;i nhu&#7853;n cao h&#417;n trong c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro, mang t&iacute;nh &#273;&#7847;u c&#417; h&#417;n.
Vi&#7879;c c&#7855;t gi&#7843;m l&atilde;i su&#7845;t gi&#7919;a n&#259;m 2020 v&agrave; 2021, sau &#273;&#7841;i d&#7883;ch COVID-19, l&agrave; m&#7897;t v&iacute; d&#7909; quan tr&#7885;ng v&#7873; c&aacute;ch n&#7899;i l&#7887;ng t&agrave;i ch&iacute;nh n&agrave;y <a href="https://vn.beincrypto.com/quantitative-easing-unnecessary-say-experts-amid-current-market-turmoil/" target="_blank" rel="noreferrer noopener">&#273;&atilde; th&uacute;c &#273;&#7849;y m&#7897;t &#273;&#7907;t t&#259;ng gi&aacute; l&#7883;ch s&#7917;</a> trong ti&#7873;n &#273;i&#7879;n t&#7917;. Trong th&#7901;i gian &#273;&oacute;, d&ograve;ng v&#7889;n &#273;&#7893; v&agrave;o &#273;&atilde; tr&#7921;c ti&#7871;p chuy&#7875;n th&agrave;nh s&#7921; gia t&#259;ng kh&#7849;u v&#7883; r&#7911;i ro trong s&#7889; c&aacute;c nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867;.
Tuy nhi&ecirc;n, m&#7889;i quan h&#7879; gi&#7919;a vi&#7879;c c&#7855;t gi&#7843;m l&atilde;i su&#7845;t v&agrave; th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917; kh&ocirc;ng ph&#7843;i l&uacute;c n&agrave;o c&#361;ng tuy&#7871;n t&iacute;nh.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-a-politically-charged-decision">M&#7897;t quy&#7871;t &#273;&#7883;nh mang t&iacute;nh ch&iacute;nh tr&#7883;</h2>

Th&ocirc;ng b&aacute;o c&#7911;a Powell &#273;&#432;&#7907;c &#273;&#432;a ra trong b&#7889;i c&#7843;nh c&#259;ng th&#7859;ng gia t&#259;ng gi&#7919;a C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang v&agrave; ch&iacute;nh quy&#7873;n Trump. K&#7875; t&#7915; khi nh&#7853;m ch&#7913;c, Trump &#273;&atilde; nhi&#7873;u l&#7847;n g&acirc;y &aacute;p l&#7921;c bu&#7897;c FOMC ph&#7843;i c&#7855;t gi&#7843;m l&atilde;i su&#7845;t, th&#7853;m ch&iacute; c&#7889; g&#7855;ng sa th&#7843;i Th&#7889;ng &#273;&#7889;c Fed Lisa Cook.
Ch&#7881; m&#7899;i h&ocirc;m qua, Th&#432;&#7907;ng vi&#7879;n &#273;&atilde; x&aacute;c nh&#7853;n Stephen Miran, c&#7921;u c&#7889; v&#7845;n kinh t&#7871; h&agrave;ng &#273;&#7847;u c&#7911;a Trump, v&agrave;o Ban Th&#7889;ng &#273;&#7889;c c&#7911;a C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang.
Nh&#7919;ng &aacute;p l&#7921;c li&ecirc;n t&#7909;c n&agrave;y &#273;&atilde; <a href="https://vn.beincrypto.com/fed-under-fire-dollar-in-danger-bitcoin/" target="_blank" rel="noreferrer noopener">g&acirc;y ra s&#7921; gi&aacute;m s&aacute;t v&#7873; s&#7921; &#273;&#7897;c l&#7853;p c&#7911;a Fed</a> trong qu&aacute; tr&igrave;nh ra quy&#7871;t &#273;&#7883;nh c&#7911;a m&igrave;nh. Li&#7879;u Powell c&#7855;t gi&#7843;m l&atilde;i su&#7845;t v&igrave; t&igrave;nh tr&#7841;ng c&#7911;a n&#7873;n kinh t&#7871; hay d&#432;&#7899;i &aacute;p l&#7921;c t&#7915; ch&iacute;nh quy&#7873;n v&#7851;n c&ograve;n m&#417; h&#7891;. Do &#273;&oacute;, c&aacute;c chuy&ecirc;n gia v&#7851;n chia r&#7869; v&#7873; vi&#7879;c li&#7879;u vi&#7879;c c&#7855;t gi&#7843;m c&oacute; th&#7921;c s&#7921; c&#7847;n thi&#7871;t hay kh&ocirc;ng.
N&#7871;u quy&#7871;t &#273;&#7883;nh h&ocirc;m nay ch&#7911; y&#7871;u b&#7883; &#7843;nh h&#432;&#7903;ng b&#7903;i &aacute;p l&#7921;c ch&iacute;nh tr&#7883;, n&oacute; c&oacute; th&#7875; <a href="https://beincrypto.com/learn/protect-yourself-from-inflation-using-cryptocurrency/" target="_blank" rel="noreferrer noopener">d&#7851;n &#273;&#7871;n l&#7841;m ph&aacute;t cao h&#417;n</a>, l&agrave;m gi&#7843;m s&#7913;c mua c&#7911;a ng&#432;&#7901;i M&#7929; v&agrave; khi&#7871;n n&#7873;n kinh t&#7871; tr&#7903; n&ecirc;n qu&aacute; n&oacute;ng. S&#7921; bi&#7871;n &#273;&#7897;ng n&agrave;y c&#361;ng s&#7869; l&agrave;m gi&#7843;m kh&#7849;u v&#7883; r&#7911;i ro, <a href="https://vn.beincrypto.com/us-ppi-data-inflation-lower-crypto-reaction-muted/" target="_blank" rel="noreferrer noopener">k&eacute;o kh&#7889;i l&#432;&#7907;ng giao d&#7883;ch ra kh&#7887;i</a> th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917;.&nbsp;
&#272;i&#7873;u &#273;&oacute; n&oacute;i l&ecirc;n r&#7857;ng, n&#7873;n kinh t&#7871; M&#7929; &#273;&atilde; tr&#7843;i qua nhi&#7873;u bi&#7871;n &#273;&#7897;ng &#273;&aacute;ng k&#7875; trong nh&#7919;ng th&aacute;ng g&#7847;n &#273;&acirc;y.&nbsp;
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-what-s-next-for-the-american-consumer">&#272;i&#7873;u g&igrave; ti&#7871;p theo cho ng&#432;&#7901;i ti&ecirc;u d&ugrave;ng M&#7929;?</h2>

D&#7919; li&#7879;u g&#7847;n &#273;&acirc;y cho th&#7845;y th&#7883; tr&#432;&#7901;ng vi&#7879;c l&agrave;m &#273;ang y&#7871;u &#273;i r&otilde; r&#7879;t v&#7899;i t&#259;ng tr&#432;&#7903;ng vi&#7879;c l&agrave;m ch&#7853;m h&#417;n so v&#7899;i &#432;&#7899;c t&iacute;nh tr&#432;&#7899;c &#273;&oacute;. L&#7841;m ph&aacute;t c&#361;ng <a href="https://vn.beincrypto.com/bitcoin-climbs-us-inflation-data-lands-below-target/" target="_blank" rel="noreferrer noopener">v&#7851;n l&agrave; m&#7897;t m&#7889;i lo ng&#7841;i l&#7899;n</a>.
Ch&#7881; s&#7889; gi&aacute; ti&ecirc;u d&ugrave;ng c&aacute; nh&acirc;n (PCE), th&#432;&#7899;c &#273;o l&#7841;m ph&aacute;t &#432;a th&iacute;ch c&#7911;a Fed, d&#7921; ki&#7871;n s&#7869; duy tr&igrave; &#7903; m&#7913;c cao h&#417;n nhi&#7873;u so v&#7899;i m&#7909;c ti&ecirc;u 2% c&#7911;a ng&acirc;n h&agrave;ng trung &#432;&#417;ng. &#272;i&#7873;u n&agrave;y m&#7897;t ph&#7847;n do thu&#7871; nh&#7853;p kh&#7849;u c&#7911;a Trump, m&agrave; c&aacute;c nh&agrave; kinh t&#7871; c&#7843;nh b&aacute;o c&oacute; th&#7875; l&agrave;m t&#259;ng gi&aacute; trong nh&#7919;ng th&aacute;ng t&#7899;i.
Nh&#7919;ng th&aacute;ng t&#7899;i s&#7869; quy&#7871;t &#273;&#7883;nh li&#7879;u &#273;&#7907;t c&#7855;t gi&#7843;m l&atilde;i su&#7845;t m&#7899;i n&agrave;y c&oacute; hi&#7879;u qu&#7843; trong vi&#7879;c c&acirc;n b&#7857;ng hai nhi&#7879;m v&#7909; c&#7911;a Fed l&agrave; t&#7889;i &#273;a h&oacute;a vi&#7879;c l&agrave;m v&agrave; &#7893;n &#273;&#7883;nh gi&aacute; c&#7843; hay kh&ocirc;ng. Ch&uacute;ng c&#361;ng s&#7869; l&agrave; y&#7871;u t&#7889; quan tr&#7885;ng &#273;&#7875; x&aacute;c &#273;&#7883;nh li&#7879;u th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917; c&oacute; th&#7875; h&#432;&#7903;ng l&#7907;i l&#7847;n n&agrave;y hay kh&ocirc;ng.