TechFlow news — Adam, analyst at Greeks.live, said that Powell's speech at the Jackson Hole global central bank symposium clarified the possibility of a Fed rate cut in September. The market generally expects a 25-basis-point cut, with a 50-basis-point reduction possible if economic data weakens further. The commitment to rate cuts has boosted market confidence, leading to a rebound in major cryptocurrencies. Several key events this week (8/26–9/1) will impact the Bitcoin and crypto markets. Key highlights include:
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8/27: Speech by Mary Daly, 2024 FOMC voting member and President of the San Francisco Fed;
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8/28: Speech by Federal Reserve Governor Christopher Waller;
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8/29: Release of US weekly initial jobless claims; speech by Atlanta Fed President Raphael Bostic;
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8/30: Release of annual core PCE price index for July and final August University of Michigan consumer sentiment index; Raphael Bostic speaks again on monetary policy;
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8/30: Russia implements laws legalizing cryptocurrency mining and enabling cross-border digital currency payments;
He believes the rate cut expectations have driven the market rebound and restored some confidence. Implied volatility (IV) across all maturities continues to decline and is expected to face further downward pressure this week. Ethereum (ETH) has performed weakly following the Cancun upgrade and is unlikely to see a significant rebound in the short term.
The Bitfinex interest rate market remains relatively calm. Investors are advised to monitor suitable interest rate orders, especially during periods of market volatility.
