ETC sees another net outflow! Bitcoin perfectly hits the high and takes profit! 🚀🚀
In the early morning, Fed’s Daly urgently spoke to stabilize the market: the timing for interest rate cuts is approaching, and the number of rate cuts this year is more likely to be greater than two. Subsequently, the probability of a 25 basis point rate cut in September rose from 89.1% yesterday to 91.4%. However, there was no significant fluctuation in the overall market, which continued to decline, similar to July. Everyone knows there won't be a rate cut, and in September, everyone knows there will be a cut. In the future market, I think unless old Powell makes a couple of remarks about rate cuts, it won't lead to a substantial bullish surge in the overall market! $BTC