Today, the crypto assets market is witnessing a series of significant events and data, triggering market fluctuations.

Bitcoin (BTC) briefly broke through the $114,000 mark under the strong support of the U.S. Producer Price Index (PPI) data, before starting to pull back. Analysts believe this may signify the end of a short-term weak rebound.

Ethereum (ETH) is following in Bitcoin's footsteps, showing relative weakness. However, from an overall perspective, this may just be an adjustment to digest the market's distribution sentiment. It is worth noting that there has not been a significant change in the stock, and the selling pressure has weakened, which may indicate that ETH is at a critical point before a trend reversal.

The U.S. August PPI year-on-year rate was 2.6%, lower than market expectations, and this data has had a positive impact on the Crypto Assets market. Meanwhile, several banks have raised their expectations for the number of interest rate cuts by the Federal Reserve, which could have far-reaching effects on future market trends.

At the policy level, the White House confirmed that Trump has the legal authority to dismiss Federal Reserve Governor Lisa Cook, a news that has sparked discussions in the market about the independence of the Federal Reserve. On the other hand, U.S. senators are pushing for the passage of the Crypto Assets market structure bill within the year, which could bring a clearer regulatory framework for the Crypto Assets industry.

Despite market fluctuations, JPMorgan still believes that institutional adoption of Crypto Assets is still in its early stages, suggesting there is still significant growth potential in the future. Meanwhile, the Kyrgyz Parliament has approved the establishment of a strategic Bitcoin reserve, a move that could further bolster Bitcoin's position in the global financial system.

With the development of these events, the Crypto Assets market may usher in a new round of changes and opportunities. Investors should closely monitor market dynamics and carefully assess risks and opportunities.