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No results1Bitget Daily Digest（September 17）｜Fed may announce 25 basis point rate cut at FOMC meeting; ZKsync to unlock 173 million tokens today; US and UK to deepen cooperation on crypto regulation2Bitcoin May Consolidate Around $115,000–$116,000 as Market Attempts to Stay Bullish, CoinStats Says3Cardano Shows Mixed Signals as Short-Term Charts Trend Bearish While Cycle Analysis Suggests Possible Early Bullish Phase
Flash
- 07:38On the eve of the Federal Reserve decision, the US Dollar Index remains weakChainCatcher news, according to Golden Ten Data, the US Dollar Index (DXY) edged up slightly on Wednesday but remained near its lowest point in two and a half months. Investors generally expect the Federal Reserve to cut interest rates soon, and the market is on high alert. Data from the London Stock Exchange Group shows that the market estimates a 97% probability that the Federal Reserve will announce a 25 basis point rate cut tonight, and a 3% probability for a 50 basis point cut. Thu Lan Nguyen, an analyst at Commerzbank, pointed out that a larger rate cut would put significant pressure on the US dollar and could trigger concerns in the market about "implementing an accommodative monetary policy under political pressure."
- 07:26Chainlink joins Aethir "AI Unbundled" AllianceChainCatcher news, Aethir announced on the X platform that the oracle platform Chainlink has joined its "AI Unbundled" alliance. This collaboration aims to provide developers with Aethir's GPU computing resources and Chainlink's data layer to jointly build scalable and decentralized Web3 AI applications. Ash Nathan, Head of Strategic Innovation at Chainlink, stated that the alliance will provide developers with secure and scalable infrastructure through its Runtime Environment. As of now, Aethir has delivered 1.19 billions hours of computing power. Risk Warning
- 07:11Analysis: Monetary Supply Indicators Suggest Bitcoin Price May Rise FurtherAccording to ChainCatcher, Matrixport independent analyst Markus Thielen analyzed that since November 2023, the money supply indicator has been closely correlated with BTC price movements, reflecting the depreciation of the US dollar and market expectations for global liquidity expansion. Although this correlation is more of a proxy indicator for market sentiment rather than a reliable driving factor, it still suggests that Bitcoin prices have further upside potential. However, historical data shows that this trend is cyclical. As the Federal Reserve is expected to cut interest rates, if Chairman Powell delivers a dovish signal and hints at further rate cuts, the US dollar may weaken, which will enhance market liquidity and support the rise in Bitcoin prices.