Bitcoin spot ETF funds have been net inflows for several days. On the last working day of this week, the net inflow of US spot Bitcoin ETFs reached more than 500 million US dollars. Ethereum spot ETF funds had a net inflow of 22,300 ETH on the 27th, which shows that US institutional clients are optimistic about the subsequent crypto market.
The monthly rate of the US core PCE price index in August was 0.1%, the expected rate was 0.20%, and the previous value was 0.20%. After the release of PCE data, the market's expectations for further interest rate cuts by the Federal Reserve rose.
According to data from the FedWatch platform, the probability of the Federal Reserve cutting interest rates by 50 basis points in November is increasing, and the current probability has reached 53.3%. There are 39 days left before the November FOMC meeting.
In the past 24 hours, the price of Bitcoin has basically fluctuated between $65,000 and $66,000. The upward force is still relatively strong. The highest price of Ethereum in the past 24 hours has exceeded $2,700, and the lowest is $2,652. The price of Ethereum has basically fluctuated between $2,600 and $2,700 recently.
Recently, the meme coin has risen fiercely. In addition to some old memes (such as doge, shib, peipei), the price of animal meme coins in the Solana ecosystem has also skyrocketed recently.
BTC: Daily support level is around $64,800, and pressure level is around $66,600.
ETH: Daily pressure level is around $2,730, and support level is around $2,620.
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