ChainCatcher news, Pepperstone analyst Wu Dilin stated that the yen will remain under pressure due to the Bank of Japan's cautious stance on interest rate hikes and the country's negative real interest rates. He also mentioned that as the market gradually digests the possibility of Trump's re-election, the Federal Reserve's interest rate cuts and debt issues may once again become key driving factors for the dollar's movement, which could alleviate some of the pressure on the yen.

ChainCatcher news, the U.S. October CPI data released last night fully met market expectations, causing little stir in the market. However, the data performance has increased market confidence that the Federal Reserve will cut interest rates again next month, with the probability of a 25 basis point cut in December rising from about 58% earlier on Wednesday to around 80%.According to 4E monitoring, U.S. stocks showed volatility on Wednesday, with the three major indices collectively turning negative at the start, then rebounding to rise, but significantly narrowing gains by the end of the day, with the Nasdaq closing down 0.26%, the S&P 500 slightly up 0.02%, and the Dow Jones up 0.11%. The "Tech Seven Sisters" had mixed performances, and most cryptocurrency concept stocks retreated.The cryptocurrency market regained momentum after a brief pullback. Bitcoin broke through the important $90,000 mark last night, reaching a high of $93,265, then retreated after hitting a new historical high, and as of the time of writing, it was at $89,586. Bitcoin's market capitalization has now surpassed Saudi Aramco, making it the seventh largest asset in the world. Meme coins continue to rise, leading various sectors and becoming the focus of investors' attention.In the forex and commodities sector, after the CPI release, the dollar index initially fell and then rose, reaching a 13-month high since October last year, putting pressure on other currencies, with the offshore yuan falling below 7.25 yuan. Oil prices rebounded on Wednesday, closing up over 0.45%, lingering at two-week lows. The rise in the dollar and U.S. Treasury yields pressured gold prices to decline for the fourth consecutive trading day, hitting a near two-month low.The CPI data, which was in line with expectations, increased the probability of another rate cut by the Federal Reserve in December and helped to some extent alleviate market concerns about inflation prospects following a potential Trump victory. Currently, the market is focused on Thursday's PPI and weekly initial jobless claims, Friday's retail sales data, and comments from Federal Reserve Chairman Powell and other Fed officials. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex, recently launching a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher news, CNBC Finance Channel posted on X platform that Anthony Pompliano, founder and CEO of Professional Capital Management, stated that after the Federal Reserve cut interest rates, BTC is the best-performing asset, followed by gold and oil futures.He said, "Whenever money flows into the system, Bitcoin ultimately becomes the big winner."

ChainCatcher news, according to CoinDesk, Bitcoin has risen by 7% in the past five days, breaking the $64,000 mark for the first time since August 26. Meanwhile, gold has set new all-time highs over 30 times this year, surpassing $2,600 per ounce. Charlie Bilello, Chief Market Strategist at investment management and financial planning firm Creative Planning, stated that this is the first time since Bitcoin's inception in 2009 that both Bitcoin and gold have become the best-performing assets of the year.Analyst James Van Straten noted that the outstanding performance of Bitcoin and gold is related to the increase in global liquidity, the expansion of global central bank balance sheets, and the recent interest rate cuts by the Federal Reserve, which stimulate investment and economic activity. The current balance sheet of the Federal Reserve stands at $7.1 trillion, and although quantitative tightening is still underway, the pace has slowed. The reduction in reverse repo balances, now just above $300 billion, has released liquidity back into the financial system. This has a stimulating effect, increasing the availability of funds for loans, investments, and overall economic activity.From a broader perspective, the total balance sheet of the world's 15 largest central banks (including the U.S., EU, Japan, and China) is approaching $31 trillion. While this figure itself is not the focus, the trend shows a global recovery of central bank balance sheets since July, rising from about $30 trillion. This increase in liquidity is particularly stimulating for Bitcoin, as its price movements often correspond with liquidity trends. Additionally, the Federal Reserve's 50 basis point rate cut further supported the rise of both Bitcoin and gold.

ChainCatcher news, hedge fund Sky Bridge founder Anthony Scaramucci stated in an interview on Wednesday that the Federal Reserve may cut interest rates by 50 basis points tonight, which is part of a cumulative reduction of at least 150 basis points over the next 18 months. He believes this is good for asset prices in the U.S. and globally. With a series of rate cuts from the Federal Reserve and clearer regulations on U.S. cryptocurrencies, Bitcoin is expected to hit an all-time high of $100,000 by the end of the year.Scaramucci stated that some legislation supporting cryptocurrencies, Bitcoin, and stablecoins will be passed early in the next congressional term, with bipartisan support from both Democrats and Republicans. At the same time, he expressed optimism about the prospects of cryptocurrency regulations under the Harris administration, as an advisor from her campaign team indicated that Harris would support measures to help the industry grow while maintaining appropriate safeguards.

ChainCatcher news reports that Bitcoin has fallen below the $60,000 mark ahead of widespread expectations that the Federal Reserve will cut interest rates later this week. The upcoming policy adjustments from the Fed have left global markets on edge.The first interest rate cut in over four years in the U.S. signals a more accommodative financial environment, which is typically a positive backdrop for riskier assets like cryptocurrencies. However, investors are uncertain about the magnitude of the rate hike on Wednesday, as well as how the market will react to the latest forecasts from Fed officials (the so-called dot plot) and Fed Chair Powell's briefing.Bitcoin's price rose 10% in the seven days leading up to last Sunday, marking the largest weekly gain since July, which may reflect a resurgence in bets on a 50 basis point rate cut by the Fed.Caroline Mauron, co-founder of digital asset derivatives trading liquidity provider Orbit Markets, stated that in the Bitcoin options market, traders are "pricing in a weight that is significantly greater than what we've seen recently" regarding the Fed meeting.It can be said that the outlook for monetary policy has become the main driver of Bitcoin's short-term movements, overshadowing (at least for now) the impact of the U.S. presidential election. (Bloomberg)

ChainCatcher news, QCP Capital stated in an official channel that the U.S. JOLTs job openings data has dropped to the lowest level since January 2021, while layoffs have risen to the highest point since March 2023. The market reaction is that there is a 50% chance of the Federal Reserve cutting interest rates by 50 basis points in September.BTC rose to over $58,500 during U.S. trading hours, and ETH approached $2,500, but during Asian trading hours, the prices fell back to $57,000 and $2,400, respectively. The overnight BTC spot ETF outflow was the lowest in the past 6 trading days (-$37.5 million).This week, front-end volatility remains high, with BTC volatility rising 6% from this week's low. Given yesterday's VMI signal, we expect volatility to remain at elevated levels.

ChainCatcher news, according to Coindesk, Bitcoin's price has fallen to around $57,500, with a seven-day decline of over 10%. This trend is consistent with the overall downward trend in the cryptocurrency market and aligns with Bitcoin's historical pattern of typically performing poorly in September.Innokenty Isers, founder of the cryptocurrency exchange Paybis, stated that historical data shows Bitcoin's average depreciation rate in September is 6.56%. However, he also pointed out that if the Federal Reserve cuts interest rates in September, it could change this negative trend, as rate cuts usually lead to excessive liquidity in the dollar, thereby strengthening Bitcoin's position as a store of value.Although September is typically seen as a weak month for Bitcoin, Isers believes that considering macroeconomic indicators, the adoption of spot Bitcoin ETFs, and favorable hash rates, this September may perform relatively well.

ChainCatcher message, Singaporean crypto investment firm QCP Capital stated that with the rising dollar and U.S. Treasury yields, stock market trading remains weak, and Bitcoin has been under pressure. If the market's expectations for a Federal Reserve rate cut continue to weaken, it is likely that we will see a broad risk-averse sentiment leading to significant declines in asset prices. However, the firm still believes this is a good opportunity to "buy the dip" in Bitcoin, as trading desks continue to see persistent buying of long-term bullish options for the period from December 2024 to March 2025 (indicating a structurally bullish outlook for Bitcoin).Additionally, institutional participation and demand for spot ETFs are continuously increasing.