Today, we will delve into the situation of the Crypto Assets market on September 10th. After revising the latest non-farm employment data, market sentiment has stabilized significantly. Currently, the possibility of the Fed lowering interest rates by 25 basis points on September 17th has risen to 93%, and even the expectation of a 50 basis point cut is gradually increasing. This means that a rate cut has almost become a foregone conclusion, and there may be a space for a 50-75 basis points cut within this year. This macroeconomic backdrop provides strong support for the market, leading to technical fluctuations in the short term, with back-and-forth movements.



On the positive news front, Bitcoin and Ethereum ETFs continue to attract inflows, and BlackRock plans to launch a Bitcoin ETF in the UK, which is undoubtedly a long-term favorable factor. Major crypto assets remain stable, with no significant declines, indicating that large funds still maintain a relatively positive attitude towards the market.

However, Ethereum faces some challenges. The number of queued unstaked coins has surged to 2.09 million, while only 800,000 coins have entered staking, which may bring certain selling pressure to the market in the short term. Nevertheless, the price of Ethereum remains relatively stable, maintaining sideways consolidation within a certain range. In the long run, Ethereum's target price is still in the range of $5,000 to $6,000.

In terms of altcoins, SOL has broken the $220 mark for the first time this year, which is an important signal indicating that institutional capital is flowing into this sector.

Overall, the current market shows a short-term fluctuation and a long-term positive trend. Investors should closely monitor changes in macroeconomic policies while also paying attention to the specific developments of various crypto assets projects, manage risks well, and seize investment opportunities.
BTC1.11%
ETH2.43%
SOL1.77%
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not_your_keysvip
· 8h ago
btc continues to uphold its belief
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MeaninglessApevip
· 09-10 15:12
Even if you are bullish, you must control your Position.
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GasWastervip
· 09-10 14:52
The bull run is just ahead.
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ForkMongervip
· 09-10 14:45
The market is temporarily stabilizing.
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MEV_Whisperervip
· 09-10 14:42
This wave has potential.
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SmartContractPhobiavip
· 09-10 14:40
Finally, the crypto world has warmed up.
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BearMarketSagevip
· 09-10 14:38
A big dump is coming.
View OriginalReply0
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