Bitcoin, Ethereum Decoupling From Tech Stocks Is Positive, Experts Claim
Bitcoin, Ethereum Decoupling From Tech Stocks Is Positive, Experts Claim
Bloomberg ETF analyst James Seyffart and macro trader Alex Krüger discussed the decoupling of cryptocurrency markets from tech stocks in recent weeks.
彭博ETF分析師詹姆斯·賽法特和宏觀交易員亞歷克斯·克魯格討論了加密市場近幾周與科技股市場脫鉤的情況。
What Happened: While the Nasdaq continues to rally, led by AI darling Nvidia (NASDAQ:NVDA), Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have remained range-bound since March. The decoupling of crypto from tech stocks could signal a maturing market, with digital assets potentially offering diversification benefits, according to the expert.
事件經過：儘管納斯達克繼續上漲，由於今年三月以來比特幣(CRYPTO: BTC)和以太坊(CRYPTO: ETH)的價格一直在此區間波動，加密貨幣與科技股市場的分離也許標誌着這個市場的成熟，專家認爲數字資產可能提供分散化收益。
"It's actually a good thing that we're not seeing Bitcoin and Ethereum correlated with the Nasdaq," noted James Seyffart in a podcast with crypto journalist Laura Shin. "You want them to be uncorrelated assets with different risk-reward payoffs."
“事實上，我們不希望看到比特幣和以太坊與納斯達克相關。”詹姆斯·賽法特在與加密記者Laura Shin的播客中指出：“您希望它們是不同風險回報償付的不相關資產。”
Expectations for Fed rate cuts in September have risen to 69%, and long-term Treasury yields are also rising, with 30-year futures down 1.6% in a single day. Meanwhile, VanEck and 21Shares filed for Solana (CRYPTO: SOL) ETFs, following Bitcoin and Ethereum. However, approval remains unlikely before 2025 without regulatory changes.
預計9月聯儲局降息的期望已經升至69％，同時30年期期貨下跌了1.6％。同時，VanEck和21Shares申請了Solana(CRYPTO: SOL) ETF，這一舉措參照了比特幣和以太坊，然而，除非出現監管變化，否則在2025年之前獲批准的可能性仍很小。
Also Read: Bitcoin, Ethereum ETF Inflows 'Will Change The Mood Completely,' Says Trader: 'Up Often, Up Only'
還有：交易員表示比特幣和以太坊ETF的流入將徹底改變情緒：經常上漲，只有上漲。
Why It Matters: Rising rate cut expectations could be bullish for crypto, as lower rates typically boost risk assets. However, the "bear steepening" of the yield curve, attributed to the "Trump trade," suggests markets are pricing in potential fiscal irresponsibility if Trump wins in 2024.
爲什麼重要：預計降息可能對加密有利，因爲更低的利率通常會提振風險資產。然而，基於“特朗普貿易”的收益率曲線“拐點加急”表明，如果特朗普在2024年再次當選，市場可能會定價爲可能出現財政不負責任的情況。
Meanwhile, the upcoming U.S. election looms large, with Trump's debate performance boosting his odds. A Trump victory could be positive for crypto, however, there's still significant time before November.
與此同時，即將到來的美國大選正佔據主導地位，特朗普的辯論表現提高了他的勝選幾率。特朗普的勝選對加密貨幣可能是有利的，但是在11月之前還有很長時間。
As macro crosscurrents swirl, crypto markets' consolidation may be setting up for a future breakout. "I'm pretty disappointed by price action," admitted Alex Krüger. "But I don't see any reason to have my bullish views invalidated."
當宏觀交叉匯聚時，加密市場的整合可能爲未來的突破打下基礎。“我對價格走勢感到非常失望，”亞歷克斯·克魯格承認道。“但我沒有看到任何理由來否定我的看漲觀點。”
Ultimately, the stage may be set for crypto's next move, though the direction remains unclear. Investors will be closely watching economic data, particularly the upcoming non-farm payrolls report, for clues on the Fed's next moves and potential impacts on crypto markets.
最終，加密貨幣的下一步走向也許已經確立了，儘管方向尚不清楚。投資者將密切關注經濟數據，特別是即將發佈的非農就業報告，以獲取有關聯儲局下一步行動和潛在影響加密市場的線索。
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.
接下來：比特幣作爲機構資產類別的影響力預計將在Benzinga即將到來的數字資產未來活動中得到徹底探討。日期是11月19日。
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
此內容部分使用人工智能工具生成，並由Benzinga編輯審查和發佈。
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