Last night, the initial claims data released by the United States was better than expected. The Fed's expectations for a rate cut in September have further increased. The presidential election candidates Trump and Harris have agreed to hold a debate held by the American Broadcasting Corporation (ABC) on September 10. For the needs of the election, they will definitely say something favorable to cryptocurrencies during the election.

Today, Ethereum broke through $2,700, so the currencies associated with Ethereum immediately strengthened, especially the currencies in the Defi sector. In fact, they began to rebound yesterday. MKR broke through $2,000, but when the market plummeted this time, MKR was almost halved, falling from $2,869.6 to $1,716.9 and stabilizing and rebounding. According to the trend of Ethereum and the information that "Sun Ge" still increased his holdings of Ethereum when Ethereum plummeted, the community's old iron was promptly reminded to cover his position in MKR. KP92877 exchanged and paid attention to changes in the news.#BTC#ETH Trend Analysis#Whenwill the Fed cut interest rates?#Cryptomarket rebound