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.
ETH-4.03%
BTC-3.26%
TRUMP-5.88%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
SchrodingerWalletvip
· 08-13 15:48
Seeing through everything but still being suckers
View OriginalReply0
RTMgrvip
· 08-13 15:47
HODL TIGHT HODL TIGHT
Reply0
RugResistantvip
· 08-13 15:44
For the first time after playing for so long, I understand the market.
View OriginalReply0
¯\_(ツ)_/¯vip
· 08-13 15:27
Youth is all about making a fuss and just waiting for the rise.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)