Bitget Research Institute: Bitcoin Stands at $58,000 After CPI Falls Short of Expectations, Higher Volatility Expected in Markets After Next Week's Probable Fed Rate Cut Announcement

Bitget Research Institute released a research report that yesterday's CPI data release was lower than market expectations, basically confirming that a 25 basis point rate cut has become a probable event. Headline crypto assets have stopped falling to show a slight recovery. Major traders in the market are waiting for next week's Federal Reserve interest rate resolution meeting. The first rate cut after the Fed continues to maintain high interest rates will have a big impact on the market, and volatility in the market is expected to be much higher next week.
In terms of ETFs, the bitcoin ETF had a net outflow of $43 million yesterday, and the ethereum ETF had a net outflow of $5 million yesterday, reflecting the fact that the current market participants as a whole remain cautious and wait-and-see for the market, and there is no way for the market to form a consecutive net inflow or net outflow.
Crypto ecology, bitcoin ecosystem fractal bitcoin online after the soaring of the computing power, the ecology is currently causing widespread discussion and concern in the industry, investors are advised to pay close attention to the subsequent trend of the project.