Bitcoin Down To $64,500, Ethereum ETFs Stutter: Why Did Crypto Not Rally After The FOMC Meeting?
Bitcoin Down To $64,500, Ethereum ETFs Stutter: Why Did Crypto Not Rally After The FOMC Meeting?
Bitcoin (CRYPTO: BTC) has weathered a turbulent 24 hours, with the cryptocurrency experiencing a 2.3% decline to $64,500.
比特幣(CRYPTO:BTC)經歷了一個動盪的24小時，加密貨幣經歷了2.3%的跌幅至64,500美元。
What Happened: Despite the price dip, underlying investor sentiment remains bullish, driven by significant inflows into Bitcoin spot ETFs.
發生了什麼事：儘管價格下跌，但基本投資者情緒仍然看好，這是由於比特幣現貨ETF的大量流入所推動的。
Data released today reveals a net inflow of $298,900 into Bitcoin spot ETFs on July 31, signaling sustained institutional appetite for the world's largest cryptocurrency.
今天發佈的數據顯示，7月31日比特幣現貨ETF淨流入298,900美元，表明機構投資者持續看好這個全球最大的加密貨幣。
BlackRock's (NASDAQ:IBIT) ETF led the charge with a substantial inflow of $20.9892 million, while Grayscale's mini ETF BTC also saw significant inflows of $17.9954 million, according to data from SoSo Value.
根據SoSo Value的數據，貝萊德(NASDAQ:IBIT)的ETF引領了潮流，淨流入了2098.92萬美元，而Grayscale的迷你ETF BTC也看到了1799.54萬美元的大量流入。
This influx of capital into Bitcoin ETFs suggests that institutional investors are increasingly viewing Bitcoin as a viable asset class.
這些資金流入比特幣ETF表明機構投資者越來越將比特幣視爲一種可行的資產類別。
These fund movements occurred as Bitcoin's price dipped 2.3% to $64,500.
這些資金流入發生時，比特幣價格下跌了2.3%，至64,500美元。
Also Read: Trump Launches Limited Edition Bitcoin-Themed Sneakers Following Bitcoin 2024 Keynote: Report
此外閱讀:特朗普推出限量版比特幣主題運動鞋，緊接着比特幣2024主題演講:報告。
Why It Matters: The broader cryptocurrency market exhibited signs of weakness.
爲什麼這很重要：更廣泛的加密貨幣市場表現出了疲軟的跡象。
Ethereum (CRYPTO: ETH) plunged 3.7% to $3,190, with its spot ETF recording a net outflow of $77.2111 million.
以太幣(CRYPTO:ETH)暴跌3.7%，至3,190美元，其現貨ETF記錄了7,721.11萬美元的淨流出。
Grayscale's (NYSE:ETHE) ETF also experienced a substantial outflow of $133 million, data shows.
Grayscale (NYSE:ETHE)的ETF的流出數據也顯示出了大幅的資金流出，爲1.33億美元。
Despite the short-term volatility, industry experts remain optimistic about the long-term prospects of cryptocurrencies.
儘管短期波動，行業專家仍然對加密貨幣的長期前景持樂觀態度。
Bitcoin analyst Willy Woo presented an ambitious outlook, stating, "Nobody knows what the ultimate price of Bitcoin will be, but simple maths can give us an upper bound."
比特幣分析師Willy Woo提出了一個雄心勃勃的展望，他說:"沒有人知道比特幣的最終價格會是多少，但簡單的數學可以給我們一個上限。"
Woo suggested a potential price range for Bitcoin between $700,000 and $24 million per coin, based on different allocation scenarios in global wealth assets.
Woo根據全球財富資產的不同配置情景，提出了比特幣價格在70萬美元至2400萬美元之間的潛在價格範圍。
"If we assume 3% as a sensible allocation," Woo explained, "then the lower bound of valuation is $700k. Price target range: $700k lower bound, $24m maximum bound (in today's inflation-adjusted numbers)."
"如果我們假設3%是一個合理的配置比例，"Woo解釋說，"那麼估值的下限是70萬美元。價格目標範圍：70萬美元的下限，2400萬美元的最高上限(根據當今的通貨膨脹調整的數字)。"
QCP Capital offered a more nuanced perspective, noting the Federal Reserve's dovish stance following the recent FOMC meeting.
QCP Capital提供了一個更爲細緻入微的觀點，指出聯儲局在最近的FOMC會議後採取了鴿派立場。
They highlighted that while equities rallied on this news, "the rally in equities was not felt in crypto."
他們強調，儘管此消息使股票市場上漲，但"股票市場的上漲並沒有傳導到加密貨幣市場。"
The firm pointed to ongoing concerns about ETH ETF outflows and potential supply pressures from Mt. Gox and US government sales.
該公司指出，人們仍然擔心以太幣ETF的流出和來自Mt. Gox和美國政府出售的潛在供應壓力。
Interestingly, QCP Capital also brought attention to emerging discussions among U.S. political figures regarding a sovereign Bitcoin reserve.
有趣的是，QCP Capital還注意到美國政治人物之間出現了關於主權比特幣儲備的討論。
They suggested that such developments "could fundamentally alter the cryptocurrency landscape," potentially establishing a U.S. or sovereign "put" on BTC prices.
他們認爲，這樣的發展"可能從根本上改變加密貨幣的格局"，潛在地在比特幣價格上建立了美國或主權"看跌"。
These complex market dynamics and forward-looking perspectives underscore the importance of forums like Benzinga's upcoming Future of Digital Assets event, scheduled for Nov. 19.
這些複雜的市場動態和前瞻性的觀點凸顯了像Benzinga即將舉行Future of Digital Assets這樣的論壇的重要性，該論壇定於11月19日舉行。
- Bahamas Introduces New Crypto Regulation With DARE Act 2024
- 巴哈馬引入新的加密貨幣監管法案DARE Act 2024。
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