High inflation casts a shadow over the Fed's path, but Crypto Assets long positions are optimistic about a surge in Liquidity in the fourth quarter.

[High inflation casts a shadow over the Fed's path, but crypto assets long positions are optimistic about a liquidity surge in the fourth quarter] In July, U.S. wholesale prices rose by 0.9%, marking the largest monthly increase in over three years, making the likelihood of a Fed rate cut in September dim. As traders lowered their bets on the Fed implementing policy easing soon, the prices of Bitcoin and Ethereum have fallen from recent highs. Analysts believe that the cryptocurrency market may experience seasonal weakness in September, but expect that the increase in global liquidity will support a potential rebound in the fourth quarter.

BTC-2.26%
ETH-2.03%
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