News

ChainCatcher News, QCP released a market report stating that the cryptocurrency market has returned to normal after the volatility triggered by last week's CPI data. Although the data showed that tariffs caused some inflationary pressure, there were no major surprises, providing a green light for risk assets. Institutional capital inflows have significantly strengthened: BTC spot ETFs have recorded large inflows for five consecutive days, and after the SEC postponed its decision on the ETH staking ETF, ETH saw its largest single-day inflow in two weeks on Friday. Despite the postponement of ETF decisions, both XRP and SOL rose, with the market viewing the delay as inevitable rather than a rejection. As BTC consolidates within its range, the altcoin market has performed impressively: CMC's Altcoin Season Index has reached 72, and the total market capitalization of altcoins has reached $1.73 trillion, both the highest levels in 90 days. BTC has recovered from the September low of 107k, but is still fluctuating within a range. Market participants believe that with digital asset supporter Paul Atkins serving as SEC Chairman, traders seem to be accumulating high-beta cryptocurrencies in anticipation of what they see as the inevitable approval.

According to ChainCatcher, citing Golden Ten Data, analysts at Société Générale believe that the Federal Reserve's moderately restrictive stance has been maintained for too long, resulting in an "over-tightening" situation. Therefore, a more substantial policy adjustment is necessary, specifically a 50 basis point rate cut. Standard Chartered is also the only institution predicting that the Federal Reserve will cut rates by 50 basis points this week. Currently, the market generally expects a 25 basis point rate cut, and traders believe the probability of a 50 basis point cut is only about 4%.