Recently, the market's expectation for a rate cut in December has been growing stronger, with the latest data showing that the likelihood has soared to 71.1%.

There are also voices within the Federal Reserve advocating for more aggressive easing policies. Governor Mulan recently made a clear statement that the current monetary policy is too tight, and he advocates for a significant rate cut of 50 basis points, rather than the usual small adjustment of 25 basis points.
This signal is quite critical for the crypto market. Once liquidity is eased, mainstream coins like BTC and ETH usually benefit. However, there are still variables between policy expectations and actual implementation, so everyone should keep a close eye on subsequent economic data and statements from Federal Reserve officials.