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Bitget Research Institute: Several Exchanges Hint at Launching SOL LST, BTC Price Under Pressure at 60,000 Mark, Suggest Wait and See

Bitget Research Institute: Several Exchanges Hint at Launching SOL LST, BTC Price Under Pressure at 60,000 Mark, Suggest Wait and See

Bitget2024/08/30 08:10

The Bitget Research Institute released a research report saying that the U.S. initial jobless claims and Gross Domestic Product (GDP) data were basically in line with expectations, with U.S. initial jobless claims slightly lower than the forecast level. The data had little impact on the market's expectations for future changes in financial policy, with the latest estimates from the CME Group's FedWatch tool showing that the market continues to bet that the Fed will cut interest rates by 0.25% in September.
The more favorable macro data did not have a positive impact on the cryptocurrency market, as bitcoin's price turned down after breaking through $61,000 and is now hovering around $59,000, with two consecutive failed attempts to get back above $60,000 this week, and with short-term round number price pressure. Currently bitget, binance and bybit have all posted tweets hinting at the launch of new liquidity pledge tokens, but the SOL price has not risen on the good news.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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