Cryptocurrency and Federal Reserve Dynamics Analysis
1. Cryptocurrency Market ① Ethereum's Strong Rise Ethereum's recent performance has been poor, but its market capitalization has surpassed Netflix and Mastercard, just 5.14% away from its all-time high. Once it reaches the historical peak, the short position strength will hit 1.23 billion. Additionally, Ethereum Foundation-related addresses have just sold 1,100 ETH, and the market is keeping an eye on the subsequent impact on Ethereum. ② Solana-Related Developments Upexi, the treasury company of Solana, announced that Arthur Hayes has joined the advisory board, enhancing new support for Solana's ecosystem development. Meanwhile, http://pump.fun sold 86,000 SOL five hours ago, marking its first sale of SOL since the token's launch, sparking market discussions on SOL's price trends. ③ Altcoin Market Outlook Glassnode data shows that the holdings of major altcoins have reached an all-time high; however, the increase in leverage has significantly heightened market vulnerability, and investors need to face risks in advance.
2. Federal Reserve Dynamics High Expectations for Rate Cuts in September: CME FedWatch shows that the probability of a 25 basis point rate cut in September has now started at 91.8%. BlackRock released a research report, predicting that the Federal Reserve will cut rates in September, even suggesting that there is reasonable grounds for a 50 basis point cut, and the market is highly concerned about the direction of the Federal Reserve's monetary policy
