Federal Reserve's rate cut probability rises to 93.6%

#FederalReserveRateCut

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%, a new low since October 2023

• Ethereum maintains a consolidating pattern, with institutional investor participation continuously increasing

Rate Cut Expectations Dominate

• The probability of a rate cut in September rises to 93.6%, driven by poor non-farm payroll data in July and ongoing easing of inflation

• The market expects consecutive rate cuts from September to December, with target rates 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