Matrixport's latest market analysis indicates a potential shift in the cryptocurrency market, driven by a more dovish Federal Reserve policy outlook. The probability of a December rate cut has risen to nearly 90%, contributing to Bitcoin's rebound around $91,500 and Ethereum's stabilization above $3,000. On-chain data and derivatives indicators show a slight improvement in market sentiment, although key resistance levels remain unbroken.
The report highlights increased stablecoin supply and a return of capital to exchanges, suggesting cautious optimism. Additionally, the Layer2, RWA, and Solana ecosystems are demonstrating resilience, with Solana experiencing a notable rebound. Matrixport advises a flexible, risk-controlled approach to navigating the current market environment.
Matrixport Sees Crypto Market Stabilization Amid Fed Policy Shift
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