'Crypto is dead?': Analyst says doom calls are overdone as Bitcoin, Ethereum, Dogecoin hold it together
'Crypto is dead?': Analyst says doom calls are overdone as Bitcoin, Ethereum, Dogecoin hold it together
Edward Moya, a senior market analyst with OANDA, said that while Bitcoin's correlation with equities is still intact, the digital asset has underperformed for the past few sessions. Most major coins traded lower Thursday evening as the global cryptocurrency market cap declined 1.2% to $1.06 trillion at press time.
周四晚间，随着全球加密货币市值下跌1.2%，至1.06万亿美元，大多数主要硬币交易价格下跌。
| Coin | 24-hour | 7-day | Price |
|---|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.8% | -4.9% | $22,668.99 |
| Ethereum (CRYPTO: ETH) | -2.2% | -6.4% | $1,611.71 |
| Dogecoin (CRYPTO: DOGE) | 0.5% | -2.6% | $0.07 |
| 钱币 | 24小时 | 7天 | 价格 |
|---|---|---|---|
| 比特币(密码：BTC) | -1.8% | -4.9% | 22,668.99美元 |
| 以太(加密：ETH) | -2.2% | -6.4% | 1,611.71美元 |
| 道格考因(Dogecoin)(密码：Doge) | 百分之零点五 | -2.6% | 0.07美元 |
| Cryptocurrency | 24-Hour % Change (+/-) | Price |
|---|---|---|
| Flow (FLOW | +38.6% | $2.63 |
| Trust Wallet Token (TWT) | +11.6% | $1.16 |
| 1inch Network (1INCH) | +7.3% | $0.84 |
| 加密货币 | 24小时百分比更改(+/-) | 价格 |
|---|---|---|
| 流动(流量 | +38.6% | 2.63美元 |
| 信任钱包令牌(台币) | +11.6% | 1.16美元 |
| 1英寸网络(1英寸) | +7.3% | 0.84美元 |
Why It Matters: Risk assets were not aligned at press time, with $Bitcoin(BTC.CC)$ and $Ethereum(ETH.CC)$ treading red, while stock futures were in the green. $S&P 500 index(.SPX.US)$ and $NASDAQ 100 Index(.NDX.US)$ futures were up 0.2% and 0.3%, respectively, at press time.
为什么这很重要：截至发稿时，风险资产尚未对齐，$比特币(BTC.CC)$和$以太(ETH.CC)$它踏上了红色，而股指期货则处于绿色。$标准普尔500指数(.SPX.US)$和$纳斯达克100指数(.NDX.US)$截至发稿时，期货价格分别上涨0.2%和0.3%。
Edward Moya, a senior market analyst with OANDA, said that while Bitcoin's correlation with equities is still intact, the digital asset has underperformed for the past few sessions.
爱德华·莫亚OANDA的高级市场分析师表示，尽管比特币与股市的关联性仍然完好无损，但这种数字资产在过去几个交易日表现不佳。
An increase with Fed rate hike expectations has capped how high Bitcoin can go for now, but as long as traders remain confident that the peak in Treasury yields remains in place, Bitcoin may have bottomed already."
- wrote Moya in a note, seen by Benzinga.
随着美联储加息预期的提高，比特币目前可以达到的最高水平已经达到上限，但只要交易员仍然相信美国国债收益率的峰值仍然存在，比特币可能已经触底。
-他在一张纸条上写道，Benzinga看到了莫亚。
However, Moya is confident about cryptocurrencies as a whole. "Calls that crypto is dead have been overdone. In fact, crypto is alive and well."
然而，莫亚对加密货币整体上充满信心。“说Crypto已经死了的说法有些过头了。事实上，Crypto还活着。”
The analyst's optimism was based on $Coinbase(COIN.US)$ announcing a partnership with BlackRock that would allow the latter's investment management platform direct access to cryptocurrencies.
这位分析师的乐观是基于$Coinbase(COIN.US)$他说：宣布与以下公司合作贝莱德这将使后者的投资管理平台能够直接访问加密货币。
Meanwhile, yields on 10-year Treasury notes declined 5.3 basis points to 2.696% on Thursday. The gap between yields on the two-year and 10-year Treasury notes closed lower by 35.7 basis points to reach its lowest inversion since 2000, reported Reuters. Stocks have largely ignored this inversion, according to Moya.
与此同时，10年期美国国债收益率周四下跌5.3个基点，至2.696%。据路透社报道，两年期和10年期美国国债收益率之差收盘下跌35.7个基点，达到2000年以来的最低水平。莫亚表示，股市在很大程度上忽视了这种反转。
Delphi Digital pointed out in a note that historical data shows that when the Fed Funds rate is above that of neutral interest rates, "recessions tend to occur."
德尔福数码他在一份报告中指出，历史数据显示，当联邦基金利率高于中性利率时，“衰退往往会发生”.
Neutrality on rates implies that any further rate hikes by the U.S. Federal Reserve will translate into restrictive action.
利率中性意味着美联储的任何进一步加息都将转化为限制性行动。
Economic factors such as stock market cap-to-GDP, consumer sentiment with its relationship to unemployment, and declining GDP, implies the current market move is a bear market rally."
- said the independent research boutique.
经济因素，如股市市值与GDP之比，消费者信心及其与失业的关系，以及GDP的下降，表明当前的市场走势是熊市反弹。
-独立研究精品公司表示。
Cryptocurrency trader Justin Bennett said that the total market cap could touch the $1.15 trillion mark should it reclaim $1.05 trillion levels.
加密货币交易员贾斯汀·班尼特表示，如果收回1.05万亿美元的水平，总市值可能会触及1.15万亿美元大关。
