The probability of the Fed lowering interest rates in September rises to 93.6%
#Fed rate cut
Market Overview
• Bitcoin breaks through $115,000, reaching a high of $115,700, facing resistance in the $116,000-$116,600 range
• Market volatility has significantly decreased, with BTC's 30-day implied volatility dropping to 36.5%, the lowest since October 2023
• Ethereum maintains a consolidation pattern, with institutional investor participation continuing to rise
Rate cut expectations dominate
• The probability of a rate cut in September rises to 93.6%, driven by poor non-farm employment data in July and ongoing inflation easing
• The market expects consecutive rate cuts from September to December, with the target rate possibly dropping to the 3.5%-3.75% range
• Monetary easing will enhance dollar liquidity, lower financing costs, and increase the attractiveness of crypto assets
#Fed rate cut
Market Overview
• Bitcoin breaks through $115,000, reaching a high of $115,700, facing resistance in the $116,000-$116,600 range
• Market volatility has significantly decreased, with BTC's 30-day implied volatility dropping to 36.5%, the lowest since October 2023
• Ethereum maintains a consolidation pattern, with institutional investor participation continuing to rise
Rate cut expectations dominate
• The probability of a rate cut in September rises to 93.6%, driven by poor non-farm employment data in July and ongoing inflation easing
• The market expects consecutive rate cuts from September to December, with the target rate possibly dropping to the 3.5%-3.75% range
• Monetary easing will enhance dollar liquidity, lower financing costs, and increase the attractiveness of crypto assets
