Recently, the Crypto Assets market has experienced a roller coaster-like行情. Last Friday, Fed Chairman Powell's speech hinted at a possible rate cut, triggering a market frenzy. Bitcoin's price soared from a low of $111,000 to $117,000, while Ethereum and Binance Coin also broke new highs. However, this jubilant atmosphere did not last long.

After entering the weekend, market sentiment began to cool down. Aside from Ethereum continuing to rise and breaking through $4,900 in the early hours of Monday to set a new high, other Crypto Assets generally displayed a downtrend. It is worth noting that Bitcoin's performance appeared particularly weak among mainstream Crypto Assets, as it not only failed to follow Ethereum's new high but also fell below $115,000, briefly dropping to $110,000 in the late night.

Behind the sudden sharp decline in the market, there seem to be some uncertain factors hidden. An article published over the weekend by Nick Timiraos, the chief economic reporter of The Wall Street Journal, attracted widespread attention. Timiraos is seen as a "Fed mouthpiece," and his views often reflect the internal thinking of the Fed. He pointed out that Powell's recent statement regarding interest rate cuts is not merely a dovish signal, but a reminder that the market needs to confront the issues arising in the economy.

More importantly, Timiraos revealed that the discussions within the Fed regarding a rate cut in September are not sufficient, with more discussions focused on whether to cut rates in October and December. This means that even if a rate cut does occur in September, it may only be a one-time event, and it is unlikely that there will be a cycle of rate cuts in the short term. At the same time, there seems to be serious divisions within the Fed regarding the issue of rate cuts.

For investors, this information conveys an important warning: even if there is a rate cut in September, it may not necessarily be a positive signal. The market needs to view this possibility with greater caution.

This week, key events affecting interest rate cut expectations will focus on the U.S. GDP and core PCE data released on Friday. Among them, core PCE, as the inflation indicator most closely monitored by the Fed, will have a significant impact on the future direction of monetary policy. Investors need to closely watch these economic data to better anticipate market trends and formulate investment strategies.