#GatePay国家码功能上线 Today, Bitcoin has rebounded to surpass $110,000, while Ethereum briefly fell below $3,700 early this morning, hitting a low of $3,677, and has now rebounded to around $3,855. Meanwhile, the Ethereum Foundation confirmed that the Mainnet Hard Fork "Fusaka" will go live on December 3rd, marking the final step after the successful deployment of the Holesky, Sepolia, and Hoodi Testnets, and is expected to optimize network performance and strengthen the verification mechanism.

On the macro level, the three major U.S. stock indices collectively fell on Thursday, with the Dow Jones Industrial Average down 0.23%, the S&P 500 down 0.99%, and the Nasdaq down 1.57%. Crypto-related stocks also faced pressure. Market sentiment was constrained by U.S. inflation expectations and interest rate uncertainty, as investors adopted a cautious stance while waiting for policy signals from the Federal Reserve at the end of the year.
In addition, DBS Bank analyst Ma Tieying stated that the Bank of Japan might raise interest rates by 25 basis points in December. She pointed out that Japanese labor unions are expected to set their wage negotiation targets for 2026 between November and December, with an increase maintained at 5%, the same as this year. If the Federal Reserve delays interest rate cuts in December, the Bank of Japan's window for raising rates may further open, providing an opportunity for policy normalization.
Overall, global interest rate expectations and policy changes continue to affect the trend of risk assets, while the Ethereum "Fusaka" upgrade is approaching, which may inject new technological momentum into the crypto market by the end of the year. #今日你看涨还是看跌？ #比特币 #美联储如期降息25基点