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Recently, the Crypto Assets market has been active, especially the performance of Ether, which has been eye-catching. Analysis shows that Ether may continue to maintain a strong rising momentum, while Bitcoin, although showing a trend of rising, may have a relatively limited increase.
The latest US CPI data released was lower than expected, alleviating market concerns about inflation. This data has reignited expectations in the market for a possible interest rate cut by the Federal Reserve. Trump has called for a rate cut, and the US Treasury Secretary has also suggested a significant rate cut. Currently, the market focus is primarily on inflation data and interest rate cut expectations.
Ethereum has shown strong performance recently, mainly due to the increase in institutional investors' holdings, rising expectations of interest rate cuts, and factors such as its lagging rise compared to Bitcoin.
Although there are no important economic data releases tonight, it is worth noting that two Federal Reserve officials will speak in the early morning. Given the recent signs of a weak labor market, these officials may adopt a more dovish stance, supporting a rate cut as soon as possible. If dovish comments are made, it could further drive the prices of Bitcoin and Ethereum up.
Overall, the market tonight may show a trend of first correcting and then rising. However, due to uncertainties, investors should closely monitor the latest developments and adjust their strategies in a timely manner. In this fast-changing market, it is crucial to remain vigilant and flexible.