Bitcoin, Ethereum, Dogecoin rally after Fed hikes rates as expected: Why this analyst thinks it's a 'fakeout' rather than breakout
Bitcoin, Ethereum, Dogecoin rally after Fed hikes rates as expected: Why this analyst thinks it's a 'fakeout' rather than breakout
Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures." $Bitcoin(BTC.CC)$ traded higher and hovered just under the psychologically important $40,000 mark on Wednesday evening as the global cryptocurrency market cap shot up 5.5% to $1.8 trillion.
$比特幣(BTC.CC)$週三晚間，隨着全球加密貨幣市值飆升5.5%，至1.8萬億美元，交易價格上漲，並徘徊在略低於4萬美元的重要心理關口。
| Coin | 24-hour | 7-day | Price |
|---|---|---|---|
| Bitcoin (CRYPTO: BTC) | 4.8% | 1.1% | $39,611.43 |
| Ethereum (CRYPTO: ETH) | 5.6% | 1.9% | $2,940.83 |
| Dogecoin (CRYPTO: DOGE) | 4.2% | -4.5% | $0.135 |
| 錢幣 | 24小時 | 7天 | 價格 |
|---|---|---|---|
| 比特幣(密碼：BTC) | 4.8% | 1.1% | $39,611.43 |
| 以太(加密：ETH) | 5.6% | 1.9% | $2,940.83 |
| 道格考因(Dogecoin)(密碼：Doge) | 4.2% | -4.5% | $0.135 |
| Cryptocurrency | 24-Hour % Change (+/-) | Price |
|---|---|---|
| Zilliqa (ZIL) | +39.1% | $0.095 |
| Waves (WAVES) | +30.1% | $15.64 |
| Tron (TRX) | +20.1% | $0.088 |
| 加密貨幣 | 24小時百分比更改(+/-) | 價格 |
|---|---|---|
| 茲利卡(Zil) | +39.1% | $0.095 |
| 波浪(海浪) | +30.1% | $15.64 |
| TRON(TRX) | +20.1% | $0.088 |
Why It Matters: The Federal Reserve voted unanimously to increase target fund rates by 0.5% on Wednesday. This is the first such rate hike since the turn of the millennium. The U.S. central bank will also start reducing the size of its balance sheet beginning June 1.
為什麼這很重要：美聯儲週三一致投票決定將目標基金利率上調0.5%。這是世紀之交以來的首次加息。美聯儲還將從6月1日開始縮減資產負債表規模。
Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures."
- said the Federal Reserve in a statement.
通貨膨脹率仍然居高不下，反映出與疫情相關的供需失衡、能源價格上漲以及更廣泛的價格壓力。
-美聯儲在一份聲明中表示。
Investor sentiment was boosted during the Federal Reserve Chair Jerome Powell's news conference where he made it known that the bank was "not actively considering" a 75-basis point increase, according to a CNBC report.
美聯儲主席會議期間，投資者情緒受到提振傑羅姆·鮑威爾的根據CNBC的一篇報道，他在新聞發佈會上表示，該行“並未積極考慮”加息75個基點。
The dollar fell to a one-week low after Powell's comments, with the dollar index, a measure of the greenback's strength against six of its peers, falling as low as 102.48, reported Reuters.
據路透社報道，鮑威爾發表評論後，美元跌至一週低點，美元指數跌至102.48。美元指數是衡量美元兑六種貨幣強弱的指標。
The improvement in sentiment on the cryptocurrency side was evident on Alternative.me's "Crypto Fear & Greed Index" which flashed "Fear" at press time. The index indicated "Extreme Fear" 24-hours prior.
在Alternative.me的“加密恐懼與貪婪指數”上，加密貨幣方面的情緒改善是顯而易見的，該指數在發稿時閃現了“恐懼”。該指數顯示了24小時前的“極度恐懼”。
OANDA senior market analyst Edward Moya said Powell has indicated that he can halt inflation without resorting to drastic measures.
OANDA高級市場分析師愛德華·莫亞賽義德·鮑威爾表示，他可以在不訴諸激烈措施的情況下遏制通脹。
U.S. stocks surged after Fed Chair Powell signaled he can slow inflation without triggering a recession. It seems risky assets can rally now that Wall Street has fully priced in the rest of the year's rate hikes by the Fed."
- said Moya, in a note seen by Benzinga.
美國股市飆升，此前美聯儲主席鮑威爾暗示，他可以在不引發經濟衰退的情況下減緩通脹。現在看來，風險資產可以反彈了，因為華爾街已經完全消化了美聯儲今年剩餘時間的加息。
-莫亞在Benzinga看到的一張紙條上説。
Cryptocurrency trader Michaël van de Poppe said the events of Wednesday were the "classic example" of "sell the rumor, buy the news."
加密貨幣交易員米夏埃爾·範德波普他説，週三的事件是“賣謠言，買新聞”的“典型例子”。
"Prices overreacting to the downside out of fear, and then the actual event takes place and the reaction says the opposite."
“出於恐懼，價格對下跌反應過度，然後實際情況就發生了，反應正好相反。”
Justin Bennett, a cryptocurrency trader, warned that Bitcoin breaking out could be deceptive.
賈斯汀·班尼特一位加密貨幣交易員警告稱，比特幣的爆發可能具有欺騙性。
I wouldn't be surprised to see this turn into a fakeout. It's not a move I would trust."
- said Bennett on Twitter.
如果看到這一切演變成一場騙局，我不會感到驚訝。這是我不會相信的舉動。
-班尼特在推特上説。
Chartist Ali Martinez said the number of new addresses created on BTC's network as its price dropped from $43,000 to $37,5000 recently rose to 422,000.
航海家阿里巴巴-SW·馬丁內斯表示，隨着比特幣價格從43,000美元降至37,000美元，其網絡上創建的新地址數量最近上升到422,000個。
It suggests an increase in user adoption, which can result in a bullish breakout."
- tweeted Martinez.
它表明用户採用率的增加，這可能會導致看漲突破。
-馬丁內斯在推特上寫道。
