According to ChainCatcher, Bitwise Chief Investment Officer Matt Hougan expects cryptocurrencies to rise sharply in October and November after the current macro uncertainty begins to dissipate.

At this stage, although the market generally believes that the Federal Reserve will cut interest rates, the possibility of a 50 basis point cut in September has decreased. However, with Wednesday's CPI data and the key Federal Reserve meeting next week approaching, the possibility of a rate cut of more than 125 basis points by December has increased.