Recently, the Crypto Assets market has shown an active trend, with alts and Ethereum futures volume reaching a five-month high of $223.6 billion. This data is provided by CryptoQuant and reflects investors' ongoing enthusiasm for Crypto Assets.

At the same time, the foreign exchange market is also noteworthy. Analysts from UBS Global Wealth Management have made predictions about the dollar's performance. They believe that the current rise of the dollar might only be a short-term phenomenon, primarily driven by investors adjusting their positions ahead of the Federal Reserve meeting. In the long term, the dollar may still face a weakening trend, especially if the Federal Reserve hints at a potential resumption of interest rate cuts in the coming months. UBS expects that by later this year, the euro to dollar exchange rate may rise to 1.20.

However, the U.S. economy still faces some challenges. The core inflation indicator favored by the Federal Reserve—the core personal consumption expenditures ( PCE ) price index accelerated in June, reaching one of the fastest growth rates this year. Specific data shows that excluding food and energy prices, the index rose 0.3% from May and increased 2.8% year-on-year. Meanwhile, consumer spending saw almost no growth, reflecting the conflicting forces present in the economy.

These complex economic indicators pose challenges for the Federal Reserve's decision-making. On one hand, inflationary pressures persist; on the other hand, economic growth appears to be slowing. This situation could lead to divergences among Federal Reserve officials regarding the future direction of monetary policy.

Overall, the current financial market shows a trend of diversification. The activity in the crypto assets market, the uncertainty of the dollar's trend, and ongoing inflationary pressures present new considerations for investors and policymakers. In this complex economic environment, market participants need to remain vigilant and closely monitor various economic indicators and policy developments.