Deep Tide TechFlow news, Analyst Adam from Greeks.live stated that at the Jackson Hole Global Central Bank Annual Meeting, Powell's speech clearly indicated a possible rate cut by the Fed in September. The market generally expects a 25 basis point cut, with a possibility of a 50 basis point cut if economic data weakens. The rate cut commitment boosted market confidence, leading to a rebound in major cryptocurrencies. This week (8/26-9/1) will see several important events affecting Bitcoin and the cryptocurrency market. Here are the key points:
<ul>
<li>
8/27: Speech by 2024 FOMC voter and San Francisco Fed President Daly;
</li>
<li>
8/28: Speech by Federal Reserve Board Member Waller;
</li>
<li>
8/29: Release of US Initial Jobless Claims for the week; Speech by Atlanta Fed President Bostic;
</li>
<li>
8/30: Release of US July Core PCE Price Index YoY, August University of Michigan Consumer Confidence Index final value; Bostic to speak again on monetary policy;
</li>
<li>
8/30: Russia implements bills on digital currency cross-border payments and legalization of crypto mining;
</li>
</ul>
It is believed that the rate cut expectations stimulate market rebound and restore confidence to some extent. Implied Volatility (IV) for various tenors continues to decline, with expectations of downward pressure this week. Ethereum (ETH) has shown a lackluster performance after the Cancun upgrade, making a significant rebound in the short term unlikely.
The Bitfinex interest rate market remains relatively calm. Investors are advised to focus on appropriate interest rate orders, especially during periods of market volatility.

MAG7.SSI

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Deep Tide TechFlow News, Analyst Adam from Greeks.live stated that at the Jackson Hole Global Central Bank Annual Meeting, Powell's speech clearly indicated a possible rate cut by the Fed in September. The market generally expects a 25 basis point cut, with a possibility of a 50 basis point cut if economic data weakens. The rate cut commitment boosted market confidence, leading to a rebound in major cryptocurrencies. This week (8/26-9/1) will see several important events affecting Bitcoin and the cryptocurrency market. Here are the key points:
<ul>
<li>
8/27: Speech by 2024 FOMC voter and San Francisco Fed President Daly;
</li>
<li>
8/28: Speech by Fed Governor Waller;
</li>
<li>
8/29: Release of US Initial Jobless Claims for the week; Speech by Atlanta Fed President Bostic;
</li>
<li>
8/30: Release of US July Core PCE Price Index YoY, August University of Michigan Consumer Confidence Final Value; Bostic to speak again on monetary policy;
</li>
<li>
8/30: Russia implements laws on digital currency cross-border payments and legalization of crypto mining;
</li>
</ul>
It is believed that the rate cut expectations stimulate market rebound and restore confidence to some extent. Implied Volatility (IV) for various tenors continues to decline, with expectations of downward pressure this week. Ethereum (ETH) has shown a lackluster performance after the Cancun upgrade, making a significant rebound unlikely in the short term.
The Bitfinex interest rate market remains relatively calm. Investors are advised to focus on appropriate interest rate orders, especially during periods of market volatility.
 
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Greeks.live: The market is expected to face downward pressure this week, and ETH is unlikely to see a significant rebound in the short term.