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
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.Cryptocurrency markets are bracing for the Federal Reserve's decision on Wednesday whether to cut interest rates by 25 or 50 basis points.
加密貨幣市場正爲聯儲局週三是否會減息25或50個點子的決定而做準備。
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%.
何以發生: 在接受Natalie Brunell採訪時，Bianco Research的Jim Bianco強調了理解「中立」基金利率的重要性，即既不刺激也不限制經濟的利率。他認爲中立利率在3.5%到4%左右，而聯儲局認爲它低於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表示擔心，如果聯儲局實施過於激進的減息，比如減息50個點子，他們可能會過頭，並在2025年刺激另一輪通縮。 Polymarket的數據顯示，有53%的可能性聯儲局減息50個點子，有44%的可能性減息25個點子。
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，股市和經濟數據似乎並不受目前利率水平的嚴重困擾，質疑減息的迫切性。
Bianco highlighted the broader context of post-pandemic economic changes, including inflation, government spending, and population growth, which complicate the interest rate decision.
Bianco強調了後疫情時代經濟變化的更廣泛背景，包括通脹、政府支出和人口增長，這些因素使利率決定更加複雜。
Also Read: '91% Chance Local Top Is In,' Says Trader Ahead Of Pivotal Rate Cut Decision
還閱讀：在關鍵利率減息決定前，交易員表示「91%的機會本地頂部已經形成」
Why It Matters: Despite the hype surrounding Bitcoin (CRYPTO: BTC) ETFs, Bianco argues they haven't lived up to expectations.
重要性：儘管比特幣（BTC）ETF備受關注，Bianco認爲它們並未實現預期。
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，170億美元流入這些基金自推出以來，其中很大一部分並非是進入加密領域的新資金。
Instead, it's largely existing Bitcoin holders moving their assets from on-chain wallets to traditional brokerage accounts.
相反，這主要是現有比特幣持有者將資產從鏈上錢包轉移到傳統的券商帳戶。
"Quit waiting for price and make it a better system," Bianco concludes, "and then the ETF flows will follow."
「別等待價格，讓它成爲一個更好的系統，」Bianco總結道，「然後etf資金流就會跟隨。」
Bitcoin is up 5.7% on Tuesday, cracking the $61,000 mark.
週二比特幣漲了5.7%，突破了61000美元的關口。
Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) are also trading higher, pushing the global crypto market cap up by around 4%.
以太幣(加密貨幣：ETH)和狗狗幣(加密貨幣：DOGE)也在上漲，將全球加密市值上漲了大約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。
- 'What Changed?' — Federal Reserve May Take A Bigger 50 Basis Points Rate Cut Bite Next Week, Market Odds Imply
- '發生了什麼？' - 市場預計聯儲局下週將會進行更大規模的50個點子的減息
Image: Shutterstock
圖片：shutterstock
