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The US non-farm payroll report will have a significant impact on the bitcoin market. The market expects that weak data may accelerate a Fed rate cut, while strong data could trigger a pullback. Bitcoin is at the top area of the halving cycle, with a double-top pattern in the technical analysis and a key support level at $112,000. Summary generated by Mars AI. The accuracy and completeness of the content generated by the Mars AI model are still in an iterative update stage.
In Brief James Seyffart declares a new altcoin season due to institutional investments. BitMine makes significant Ethereum purchases, exceeding $8 billion in treasury value. Other companies like Gumi and Galaxy Digital expand altcoin portfolio holdings.
- 12:52US analysts expect the Federal Reserve to cut interest rates to the neutral rate ahead of scheduleAccording to ChainCatcher, citing Golden Ten Data, Gregory Faranello, Head of US Rates Trading and Strategy at AmeriVet Securities, stated that the labor market has shown signs of weakness, and he expects the Federal Reserve to begin cutting interest rates this month, possibly followed by a series of subsequent rate cuts. He pointed out that the forward curve indicates that interest rates will fall to a neutral level by the end of 2026, but this timeline is likely to be moved forward.
- 12:52The probability of the Federal Reserve cutting interest rates by 50 basis points in September rises to 11.7%.ChainCatcher news, according to Golden Ten Data, CME "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in September is 0, the probability of a 25 basis point rate cut is 88.3%, and the probability of a 50 basis point rate cut is 11.7% (the probability before the data release was 0). The probability of the Federal Reserve keeping interest rates unchanged in October is 0.4%, the cumulative probability of a 25 basis point rate cut is 36.2%, and the cumulative probability of a 50 basis point rate cut is 63.4%.
- 12:46LAUNCHCOIN market cap rebounds to over $70 million, up 12.62% in 24 hoursForesight News: According to GMGN market data, LAUNCHCOIN's market capitalization has rebounded and surpassed 70 million USD, currently reported at 71 million USD, with a 24-hour increase of 12.62%.