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Solana (SOL) has climbed 10% in the past week, buoyed by bullish technical signals. Trading within an ascending parallel channel and supported by a positive Elder-Ray Index, SOL sits just below a key resistance level at $186.52, with the potential to push past $190 if buying momentum persists.
It is expected that the overall ecosystem will continue to mature, and ultimately, using proxies will become the mainstream way of financial participation.
Ethereum’s recent rally past the $4,000 mark has crushed short sellers and attracted renewed institutional interest, driving futures open interest higher. Holding strong support near $3,909, ETH could push toward $4,430 resistance and possibly retest its all-time high, provided buying momentum continues.
After a quiet week, crypto whales have seized the moment to build positions in key altcoins. Ethereum leads the pack with strong accumulation pushing it above $4,000. Meanwhile, meme coin PEPE and Mantle have also attracted large investor interest, signaling bullish prospects ahead.
- 21:43Traders Bet on Major Moves by the Federal Reserve by Year-EndJinse Finance reported that traders have begun betting that the Federal Reserve will implement at least one significant rate cut before the end of the year, convinced that policy may turn more aggressive than currently expected by other market observers. Recent trading activity in options linked to the Secured Overnight Financing Rate (SOFR) shows the market is increasing its positioning for a half-percentage-point rate cut, which could occur at either the meeting later this month or the December meeting. This expectation exceeds the two 25-basis-point cuts already priced into current interest rate swaps. Due to the prolonged U.S. government shutdown, the release of key employment and other economic data has been delayed. Once the deadlock is resolved, a large amount of data will emerge, revealing the latest changes in economic conditions. Some expect this data may further indicate economic weakness, thereby supporting additional rate cuts.
- 21:21Traders bet that the Federal Reserve will cut rates at least once by the end of the year, with a possible reduction of 50 basis points.ChainCatcher news, according to Golden Ten Data, traders have started to bet that the Federal Reserve will make at least one significant rate cut before the end of the year, expecting the policy to be more aggressive than other market observers anticipate. Recent trading activity in options linked to the Secured Overnight Financing Rate (SOFR) shows that the market is increasing its bets on a half-percentage-point rate cut, which could occur at either this month's upcoming meeting or the December meeting. This expectation exceeds the two 25-basis-point cuts currently priced into interest rate swaps.
- 21:21The US Dollar Index fell by 0.25% on the 15th.Jinse Finance reported that the US Dollar Index fell by 0.25% on the 15th, closing at 98.794 in the foreign exchange market.