At 8 o'clock on March 4, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, was reported at 818.00 points. It fell 1.74% in the past 24 hours, with a turnover of 115.490 billion US dollars, a 7.18% increase over the previous 24 hours. The USDT OTC discount premium The index (USDT OTC Index) was reported at 101.48 points, up 0.19% in the past 24 hours. In the past 24 hours, BTC has oscillated with US $ 8,750 as the center. The top ten mainstream currencies are mainly linked and have not seen a strong role. Last night the Federal Reserve announced that it would cut its benchmark interest rate by 50 basis points. This rate cut is the first emergency rate cut since the 2008 financial crisis, but neither US stocks nor BTC bought it. Data show that the Fed also announced three interest rate cuts in 2019, but BTC prices have not seen a significant rebound.