The actions from the Bank of Japan are becoming increasingly apparent, and a rate hike in December is basically a done deal. This time, the government has chosen not to intervene.

Looking at the US, last week’s initial jobless claims came out—191,000, which is much lower than the market expectation of 220,000. Hassett recently stated that the Fed will most likely cut rates at the next meeting, with a possible cut of 25 basis points.

Institutional moves are also quite interesting. Bitmine made another move today, purchasing 41,946 ETH in one go via Bitgo and FalconX, amounting to about $130 million. It seems they’re still quite confident in Ethereum’s outlook.