Federal Reserve Interest Rate Cuts Affect Consumers
Digest more
This month’s charts of interest look at the stock market’s summer rally, portfolio allocations and where interest rates could be headed.
Chainlink price touched $25 on Saturday, September 13, posting 15% weekly gains as Polymarket confirmed oracle feeds partnership.
Every three months, the central bank updates a scatter chart showing where top officials believe rates are headed. Not everyone is a fan of the anonymous projections.
Ethereum fell 5.5% this week but open interest stays at $8.4B. Traders watch $3,800–$4,100 support for signs of an Uptober rebound.
Bitcoin price reclaimed $115K this week as macro data boosted rate cut hopes, while MYX, WLD, M led weekly gains for altcoins.
Meanwhile, CoinGlass data indicates that the Raydium and Jupiter Open Interest (OI) surged by 5% and 12% over the last 24 hours, respectively. This increase in capital inflows into RAY and JUP derivatives boosted the OI to $40.67 million and $165.17 million, respectively, which suggests heightened traders' confidence.