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1Bitget Daily Digest（September 17）｜Fed may announce 25 basis point rate cut at FOMC meeting; ZKsync to unlock 173 million tokens today; US and UK to deepen cooperation on crypto regulation2Bitcoin May Consolidate Around $115,000–$116,000 as Market Attempts to Stay Bullish, CoinStats Says3Cardano Shows Mixed Signals as Short-Term Charts Trend Bearish While Cycle Analysis Suggests Possible Early Bullish Phase
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Flash
- 14:02Bull or Bear? Fed Rate Decision Revealed Tonight!Crypto markets may face huge volatility ! The Fed’s rate decision is released today — how will it impact the trend? Click below to watch pro analysts’ in-depth insights. Click here to join: https://www.bitget.com/zh-CN/live/room/1352129918558457856
- 13:42Analysis: Fed Rate Cuts Add Fuel to the Stock MarketAccording to ChainCatcher, citing Golden Ten Data, veteran market observer Ed Yardeni likened the Federal Reserve's almost certain rate cut to "adding fuel to the fire" in a report to clients. He pointed out that the S&P 500 index reached a new all-time high on Tuesday. Although the labor market is showing signs of slowing, the overall US economic growth remains robust, so Wednesday's rate cut is not truly necessary. The rate cut is more likely to keep inflation above the Federal Reserve's target while fueling speculative flames in the stock market.
- 13:42U.S. stocks opened with the Dow Jones up 0.04% and the Nasdaq down 0.01%.ChainCatcher news, according to Golden Ten Data, at the opening of the US stock market, the Dow Jones Industrial Average rose 0.04%, the S&P 500 Index rose 0.02%, and the Nasdaq Composite Index fell 0.01%. Chip stocks declined, with Nvidia down 1.23% and AMD down 0.9%. The Nasdaq Golden Dragon China Index rose 2.04%, with Baidu up 7.9% and Alibaba up 2.14%. Lyft rose 11.9% after the company announced a partnership with Waymo, Alphabet's autonomous driving company.