Bescent: The possibility of the Fed cutting interest rates by 50 basis points is very high.
On August 13, U.S. Treasury Secretary Becerra stated in an interview that the Fed's interest rates should be 150-175 basis points lower than they are now, and if the data is accurate, the Fed could have cut rates earlier. Becerra believes there is a possibility of a 50 basis point rate cut by the Fed, with a series of cuts potentially starting with a 50 basis point cut in September. When mentioning the candidates for the Fed Chair, he noted that they would cast a wide net covering 10-11 people. He also

Bitcoin has seen five consecutive hourly gains and has broken through the upper band, while Ethereum has had six consecutive gains over four hours and has also broken through the upper band. For the evening, watching for a pullback to enter long positions, Ye Xuan's morning strategy for Ethereum has also successfully achieved around 120 points.
Evening Bitcoin: Pulling back to around 120000-119500.
Target around 121300-122500.
Evening Ethereum: Pull back to around 4670-4650.
Target around 4740-4795.

Bitcoin market capitalization percentage falls below 60%, marking a new low since February.
On August 13, it was reported that Bitcoin's dominance has fallen below 60% for the first time since February 1. This figure represents Bitcoin's share of the total market capitalization of cryptocurrencies. Bitcoin's market capitalization is currently $2.39 trillion, while the entire cryptocurrency market has surged to over $4 trillion, reaching an all-time high. Ethereum has been a key driver of the cryptocurrency rally, with its price climbing to $4,700. The last time Bitcoin's dominance was this low

Morning Bitcoin: Pulled back to around 119600-119100.
Target around 120800-122300.
Morning Ethereum: Pull back to around 4575-4555.
Target around 4640-4690.

The Trump administration is casting a "wider net" in the search for a successor to the Fed chairman.
On August 12, according to Politico, officials from the Trump administration are expanding the list of candidates to succeed Fed Chairman Powell next year, seeking someone who can earn the trust of both the president and the financial markets. A government official, who wished to remain anonymous, revealed that the candidates under consideration include: current Fed Vice Chair Jefferson and Bowman; Dallas Fed President Logan; former St. Louis Fed President Bullard; and macroeconomic advisor Mar

Daily U.S. Stock Market News Dispatch (2025-08-12)
Important news:
1. The U.S. July unadjusted CPI year-on-year remained unchanged at 2.7%. The U.S. July unadjusted core CPI year-on-year recorded at 3.1%, the highest in five months.
2. After the release of the CPI data in the United States, U.S. short-term interest rate futures fell as traders continued to bet that the Federal Reserve would cut interest rates in September and December.
Individual stock news:
1. Ford Motor Company ( F.N ) recalls over 100,000 F-150 trucks in the U.S.
2. Tesla ( TSLA.O ) launches the most powerful model with a s

After the release of the US CPI, the probability of the Fed lowering interest rates in September rose to 90.1%.
On August 12, according to CME's "Fed Watch": the probability of the Fed keeping interest rates unchanged in September is 9.9%, while the probability of a 25 basis point rate cut is 90.1%. The probability of the Fed keeping interest rates unchanged in October is 3.0%, with a cumulative probability of a 25 basis point rate cut at 33.6%, and a cumulative probability of a 50 basis point rate cut at 63.5%.
#ETH#