Bitcoin's action of late hasn't been great, but the price did rise nearly 7% in the three months ended September 30, boosting reported profits for Michael Saylor's firm.

[Société Générale Strategist: Market Expectations for Fed Rate Cuts Are Too High] Société Générale interest rate strategist Subadra Rajappa stated that despite Federal Reserve Chair Jerome Powell clearly indicating that a December rate cut is not a certainty, the market remains overly optimistic in pricing the Fed's monetary policy easing. She believes that the recent two rate cuts were measures taken to anticipate a deterioration in the labor market, but the room for further rate cuts may have closed. Rajappa pointed out that the U.S. economy is performing strongly, inflation remains sticky, and the Fed is striving to strike a balance between preventing economic downturns and curbing inflation.

BTC has risen, with a trading volume of 79.6 billion US dollars in the past 24 hours and a circulating market value of 2.13 trillion US dollars, representing a 0.91% increase in market value. Data for reference only

Binance BNB/USDT is currently trading at $1048.12, a decrease of 0.21% in 5 minutes. Please pay attention to market fluctuations.

OKX-ETH/USDT is currently trading at $3693.11, with a 5-minute drop of 0.38%. Please be aware of the market fluctuations.