Recently, the Crypto Assets market has experienced a wave of Rebound. The price of Bitcoin has climbed back to around 115,000 USD, and Ether has also broken through the 3,500 USD mark. This wave of Rebound is significant for the current market trend, as it not only helps major Crypto Assets escape crucial support levels but may also indicate the direction of the US stock market.



Currently, the US stock futures index shows that the market has stabilized. Last Friday's sudden drop in the US stock market left investors puzzled, but this may just be a normal adjustment after a high-level consolidation. After a weekend of rest, market sentiment seems to have eased.

It is worth noting that an event of concern occurred last Friday. Due to objections to the employment data released by the Department of Labor, Trump ordered the dismissal of the Bureau of Labor Statistics Director Erika, accusing her of exaggerating the employment data. This move led to a surge in the probability of a Federal Reserve rate cut in September to 89.1%, far exceeding the previous expectation of less than 50% after Powell's speech.

Trump's move is seen as a strategic action. By questioning the reliability of official data, he indirectly challenges the Federal Reserve's decision-making basis. This approach cleverly applies pressure for interest rate cuts while maintaining the independence of the Federal Reserve.

As employment data controversies and market fluctuations unfold, investors are closely monitoring the Federal Reserve's next moves. Whether the rebound in the crypto assets market can be sustained, as well as the performance of the US stock market, will become the focus of the financial markets for the foreseeable future.
BTC1.66%
ETH5.94%
TRUMP2.73%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
AirdropHunterXiaovip
· 5h ago
The bulls have made a killing, those who bought low are all winning.
View OriginalReply0
GasGuruvip
· 11h ago
Get liquidated! Grandma's drip.
View OriginalReply0
CantAffordPancakevip
· 08-04 10:54
I am a sucker in the crypto world, no matter how you look at it.
View OriginalReply0
NFTDreamervip
· 08-04 10:54
I specifically increased the position and then it fell.
View OriginalReply0
TerraNeverForgetvip
· 08-04 10:41
btc is rising crazy, I just knew it would fall to the bottom.
View OriginalReply0
CommunityJanitorvip
· 08-04 10:25
15k for btc is no longer a dream.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)