Bitcoin, Ethereum, Dogecoin Pump 5%: Here's What Wednesday's Fed Rate Cut Decision Could Mean For Crypto
Bitcoin, Ethereum, Dogecoin Pump 5%: Here's What Wednesday's Fed Rate Cut Decision Could Mean For Crypto
Cryptocurrency markets are bracing for the Federal Reserve's decision on Wednesday whether to cut interest rates by 25 or 50 basis points.
加密货币市场正为美联储周三是否会降息25或50个基点的决定而做准备。
What Happened: Jim Bianco of Bianco Research in an interview with Natalie Brunell emphasized the importance of understanding where the "neutral" funds rate is — the rate that neither stimulates nor restricts the economy. He believes the neutral rate is around 3.5% to 4%, while the Fed thinks it's under 3%.
何以发生: 在接受Natalie Brunell采访时，Bianco Research的Jim Bianco强调了理解“中立”基金利率的重要性，即既不刺激也不限制经济的利率。他认为中立利率在3.5%到4%左右，而美联储认为它低于3%。
Bianco expressed concern that if the Fed cuts rates too aggressively, such as a 50 basis point cut, they might overshoot and potentially stimulate another round of inflation in 2025. Polymarket data shows a 53% probability of a 50 basis points decrease and a 44% chance of a 25 basis points cut.
Bianco表示担心，如果美联储实施过于激进的降息，比如降息50个基点，他们可能会过头，并在2025年刺激另一轮通缩。 Polymarket的数据显示，有53%的可能性美联储降息50个基点，有44%的可能性降息25个基点。
He noted that the stock market and economic data don't seem to be significantly bothered by the current interest rate levels, questioning the urgency for rate cuts.
他指出，股市和经济数据似乎并不受目前利率水平的严重困扰，质疑降息的迫切性。
Bianco highlighted the broader context of post-pandemic economic changes, including inflation, government spending, and population growth, which complicate the interest rate decision.
Bianco强调了后疫情时代经济变化的更广泛背景，包括通胀、政府支出和人口增长，这些因素使利率决定更加复杂。
Also Read: '91% Chance Local Top Is In,' Says Trader Ahead Of Pivotal Rate Cut Decision
还阅读：在关键利率降息决定前，交易员表示“91%的机会本地顶部已经形成”
Why It Matters: Despite the hype surrounding Bitcoin (CRYPTO: BTC) ETFs, Bianco argues they haven't lived up to expectations.
重要性：尽管比特币（BTC）ETF备受关注，Bianco认为它们并未实现预期。
He notes that while $17 billion has flowed into these funds since their launch, much of this isn't new money entering the crypto space.
他指出，170亿美元流入这些基金自推出以来，其中很大一部分并非是进入加密领域的新资金。
Instead, it's largely existing Bitcoin holders moving their assets from on-chain wallets to traditional brokerage accounts.
相反，这主要是现有比特币持有者将资产从链上钱包转移到传统的券商账户。
"Quit waiting for price and make it a better system," Bianco concludes, "and then the ETF flows will follow."
“别等待价格，让它成为一个更好的系统，”Bianco总结道，“然后etf资金流就会跟随。”
Bitcoin is up 5.7% on Tuesday, cracking the $61,000 mark.
周二比特币涨了5.7%，突破了61000美元的关口。
Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) are also trading higher, pushing the global crypto market cap up by around 4%.
以太坊(加密货币：ETH)和狗狗币(加密货币：DOGE)也在上涨，将全球加密市值上涨了大约4%。
What's Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
接下来：比特币作为机构资产类别的影响力预计将在Benzinga即将到来的数字资产未来活动中得到彻底探讨。日期是11月19日。
- 'What Changed?' — Federal Reserve May Take A Bigger 50 Basis Points Rate Cut Bite Next Week, Market Odds Imply
- '发生了什么？' - 市场预计美联储下周将会进行更大规模的50个基点的降息
Image: Shutterstock
图片：shutterstock