News

Jinse Finance reported that Harley Bradley, Co-Head of Global Rates at Insight Investment, stated in a report that a rate-cutting environment could be good news for those investing in US bonds through globally diversified fixed income portfolios. Although tariffs may still lead to higher inflation, the Federal Reserve is expected to cut rates on Wednesday. Given the relatively stubborn inflation in the US, the market will closely watch the Fed's latest "dot plot" forecasts for future rate cuts beyond September. In our view, although inflation may complicate the outcome, we believe the Fed will be prepared to "look past" above-target inflation to protect the labor market. (Golden Ten Data)

ChainCatcher news, according to Cointelegraph, bitcoin has formed a new resistance level around $116,000, which may be difficult to break before regaining upward momentum. However, two potential catalysts could boost its price. Tuesday's report shows that BTC is trading at the upper limit of the $116,000 range, and it remains a resistance until it is reclaimed. Since reaching a new high of $124,100 on August 14, bitcoin's upward momentum has weakened, and the price has fallen below the cost basis of recent high-entry buyers. Over the past seven days, bitcoin has seen a slight rebound, coinciding with the Federal Reserve's interest rate decision to be announced on Wednesday. The market expects a 96.1% probability of a 25 basis point rate cut, but opinions on bitcoin's movement after the rate cut are divided. Although a Fed rate cut is generally positive for risk assets, if the market has already priced in the expectation, prices may still decline. In addition, the market is watching October 1, which marks the start of Q4 2025—a quarter that has historically been the best performing for bitcoin. Meanwhile, analysts say long-term holders remain confident, and recent selling has mainly been driven by those who bought in the past six months. Investors who accumulated between February and May have taken profits during the rebound, creating resistance for further upward momentum.