Analyst: Crypto market sentiment drops to 2024 low, altcoins may face temporary sell-off wave

[CME Data Shows 93% Probability of Fed Cutting Rates by 25 Basis Points in September] According to the CME 'FedWatch' tool, there is a 93% probability that the Federal Reserve will cut rates by 25 basis points at its September meeting, while the likelihood of a 50 basis point cut is only 7%. Looking ahead to October, the probability of a cumulative 25 basis point rate cut is 21.4%, the probability of a cumulative 50 basis point cut rises significantly to 73.2%, and the probability of a cumulative 75 basis point cut stands at 5.4%.

OKX - IP's current price is $10.81, with a 24-hour increase of 27.14%. 24-hour transaction volume of 1.1 billion US dollars, an increase of 242.64%, for reference only

Tuesday’s filings follow paperwork on Monday to convert the Grayscale Chainlink Trust into an exchange-traded fund.

Bitget WLFI/USDT's perpetual trading volume surged fivefold within 10 minutes, with a turnover of 91.9 million US dollars in the past 24 hours, a decrease of 4.87% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[Fitch Predicts Fed Will Cut Rates by 25 Basis Points in September and December This Year] Fitch Ratings predicts that the U.S. Federal Reserve will cut interest rates by 25 basis points in both September and December 2025. Additionally, Fitch forecasts that the Fed will implement three more rate cuts in 2026 to further adjust monetary policy.