ETH falls below the $4600 mark

According to AiCoin monitoring, a large amount of funds flooded into the US spot BTC ETF market yesterday, with a net inflow of up to $163 million. Among them, FBTC was the largest inflow, with a daily net inflow of $97.4 million; Next is ARKB, with a total of 25 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

[Analysis Suggests the Fed May Struggle to Lower Inflation to 2% Target] Yardeni Research President Ed Yardeni stated that the Federal Reserve is currently facing the dual challenge of inflation and unemployment, and it may be difficult to bring inflation down to the 2% target. Although the unemployment rate in August was 4.3%, close to the long-term target of 4.2%, inflation remains elevated, with the PCE inflation rate at 2.6% in July. Analysts believe the Fed may slow the pace of tightening policies due to concerns about rising unemployment, and inflation may remain around 3.0% in the future.

[The Bank of Japan Maintains Interest Rates Unchanged, Meeting Market Expectations] BlockBeats News, September 19, the Bank of Japan maintained the benchmark interest rate at 0.5% unchanged, marking the fifth consecutive meeting of no action, in line with market expectations.

OKX-BTC/USDT is currently trading at $116983.10, with a decrease of 0.08% in 5 minutes. Please pay attention to market fluctuations.

[Michigan Bitcoin Reserve Bill Advances to Second Reading in the House] The Michigan Bitcoin Reserve Bill HB 4087 has made progress for the first time since February, now advancing to the second reading in the House and submitted to the Government Operations Committee for review. The bill proposes to allow the state government to invest up to 10% of state funds in cryptocurrencies.