<p> JPMorgan Chase economists have revised their forecasts, now believing the Federal Reserve will begin cutting interest rates in December, reversing the bank&#39;s assessment a week earlier that policymakers would postpone rate cuts until January. A research team led by the bank&#39;s chief U.S. economist, Michael Feroli, said on Wednesday that statements from several key Fed officials, particularly New York Fed President Williams, supporting recent rate cuts prompted them to reassess the situation. Following the delayed release of the September jobs report last week, JPMorgan Chase had initially predicted that interest rates would remain unchanged in December. Currently, JPMorgan Chase expects the Fed to implement two 25-basis-point rate cuts, one in December and one in January. &quot;We are re-locking our final rate cut timing to January,&quot; Feroli wrote in a report to clients. &quot;While the outcome of the next FOMC meeting remains uncertain, we believe the latest round of statements from Fed officials has tipped the scales in favor of a December rate cut.&quot; (Jinshi)</p>

<p> According to a new report by Vetle Lunde, Head of Research at K33, Bitcoin has underperformed the Nasdaq index on 70% of trading days over the past month, and is currently 30% weaker relative to the index than it was on October 8th. The recent Bitcoin sell-off is nearing saturation, evidenced by panic selling signals in the spot market and ETP trading streams. Bitcoin&#39;s severe underperformance relative to stocks, and its significant disconnect from fundamentals, presents a strong long-term relative buying opportunity. (The Block)</p>

<p> According to data from SoSoValue, the cryptocurrency market generally rose, with Bitcoin (BTC) up 2.96%, breaking through $90,000; Ethereum (ETH) rose 2.05%, returning above $3,000. In addition, the RWA sector performed strongly, rising 4.11%, with Pendle (PENDLE) up 8.96%, Sky (SKY) up 7.67%, and Ondo Finance (ONDO) up 3.54%.</p><p> It is worth noting that MAG7.ssi rose 2.22%, DEFI.ssi rose 2.72%, and MEME.ssi rose 1.11%.</p><p> In other sectors, the Layer 2 sector rose 4.04%, with Merlin Chain (MERL) surging 134.56%; the CeFi sector rose 2.38%, with Gate (GT) rising 5.60%; the Layer 1 sector rose 2.21%, with Kaspa (KAS) rising 14.53%; the DeFi sector rose 1.57%, with Hyperliquid (HYPE) rising 5.56%; the Meme sector rose 1.29%, with SPX6900 (SPX) rising 12.30%; the PayFi sector rose 0.93%, with Dash (DASH) rising 17.01% due to factors such as its listing on OKX spot trading.</p><p> The crypto sector indices, which reflect the historical performance of the sector, show that the ssiRWA, ssiCeFi, and ssiLayer1 indices rose by 4.97%, 3.11%, and 2.40%, respectively.</p>

<p> According to Odaily Planet Daily, Yi Lihua posted on the X platform that ETH has returned to $3,000, the extreme panic has passed, and he remains optimistic about the future market trend.</p>

According to Odaily Planet Daily, OKX market data shows that BTC has broken through 91,000 USDT and is currently trading at 91,037.9 USDT, a 24-hour increase of 3.53%. (This news item was generated with AI assistance.)