Bernstein: Crypto to Become a Major Player in the ‘Trump Tra | Kun Lee on Binance Square

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Bernstein: Crypto to Become a Major Player in the ‘Trump Trade’ If Election Sentiment Shifts to Republicans
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Barclays: The Fed is expected to make three 25 basis point rate cuts this year PANews reported on September 17 that according to a report by Gold Ten, Barclays foreign exchange strategist Skylar Montgomery Koning said that the US dollar is about to rebound, as traders have overestimated the extent of the Federal Reserve's rate cuts and underestimated the retail sales data released on Tuesday. She predicted that stronger-than-expected retail sales will change market bets, leading the market to expect a smaller rate cut, thereby boosting the US dollar. Currently, there are only two days left before the Federal Reserve's interest rate decision, and the uncertainty of traders about this decision is the highest since 2007, and this consumer report is one of the last pieces of information before the announcement of the interest rate. Barclays expects the Federal Reserve to make three 25-basis-point rate cuts this year, as the US economy remains strong. Montgomery Koning said the market tends to overreact to rate cut expectations. She said: "In those soft landing periods, if you look at the historical data, the market always overestimates the extent of the Federal Reserve's rate cuts, and when the expectations turn, the dollar will rebound." $BTC $ETH $BNB

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In the past 24 hours, the entire network has liquidated $146 million, mainly long orders, and BTC's market share has risen to 54.3%. According to Mars Finance news, CoinGecko data shows that the current total cryptocurrency market capitalization has dropped to $2.118 trillion, with a 24-hour decline of 2.2%. Additionally, BTC's market dominance is 54.3%, and ETH's market dominance is 13%. Furthermore, according to Coinglass data, the total liquidations in the past 24 hours amounted to $146 million, with $116 million in long positions and $29.95 million in short positions being liquidated. $BTC $ETH $BNB

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JPMorgan: Uncertainty about future Fed rate cuts will linger after this week's meeting According to Odaily, David Kelly, Chief Global Strategist at JPMorgan Asset Management, stated that the Federal Reserve's interest rate decision this week may not be able to solve a core problem facing the market, which is how many rate cuts are expected for the rest of the year. When Federal Reserve officials last released their forecasts, they predicted only a 25-basis-point rate cut by 2024. But even if the Federal Reserve's new forecast is adjusted to two rate cuts this year, it will still be far below traders' expectations. Kelly pointed out that the futures market's pricing essentially reflects that by the end of December, the Federal Reserve will cut rates by a full 100 basis points or more. The actual policy path will depend on the employment and inflation data released before the next meetings in November and December. $BTC $ETH $BNB

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In the past 24 hours, the entire network has liquidated $146 million, mainly long orders, and BTC's market share has risen to 54.3%. According to CoinGecko data, the current total cryptocurrency market capitalization has decreased to $2.118 trillion, with a 24-hour decline of 2.2%. Additionally, BTC's market dominance is 54.3%, while ETH's is 13%. Furthermore, Coinglass data shows that over the past 24 hours, the global liquidation reached $146 million, with $116 million in long positions and $29.95 million in short positions being liquidated. $BTC $ETH $BNB

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Swap contracts show that the probability of the Federal Reserve cutting interest rates by 50 basis points this week has exceeded 50% According to a report by Gold Ten, bond traders once again believe that the Federal Reserve policymakers are more likely to cut rates by 50 basis points rather than 25 basis points at their meeting this week. Swap contracts linked to the Federal Reserve's interest rate decision show that the possibility of the Federal Reserve cutting rates by 50 basis points this week exceeds 50%, compared to last week when traders almost completely ruled out this possibility. This has pushed the yield on the two-year US Treasury back to its lowest level in two years and dragged the US dollar index to its lowest level since January. Rabobank's senior US strategist Philip Marey wrote that he expects the Federal Reserve to implement a standard 25 basis point rate cut. "Powell's lack of guidance may indicate that the FOMC has not yet reached a consensus. More importantly, retail sales on Tuesday could still change market expectations." $BTC $ETH $BNB

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