Bitcoin And Ethereum Euphoria Built Around Rate Cuts Could Be Ruined By Retail Traders, Says Crypto Data Intelligence Platform
Bitcoin And Ethereum Euphoria Built Around Rate Cuts Could Be Ruined By Retail Traders, Says Crypto Data Intelligence Platform
Despite the initial bullish reaction, the market's response may not be as straightforward. Traders are advised to monitor sentiment and funding rates closely. Positive sentiment could indicate greed, while negative sentiment might signal a buying opportunity.The Federal Reserve implemented its first rate cut since March 2020. The move aimed to combat inflation and economic concerns.
聯儲局自2020年3月以來首次實施減息。此舉旨在應對通脹和經濟擔憂。
What Happened: The rate cut was widely anticipated, with an 85% likelihood leading up to the announcement. This anticipation led to a bullish reaction in both cryptocurrency and traditional equity markets. However, prices quickly reversed as traders executed buy orders.
事件經過：市場廣泛預期減息，該決定在宣佈之前有85%的可能性，這種預期導致數字貨幣和傳統股票市場出現看漲的反應。然而，價格很快反轉，因爲交易員執行了買入訂單。
Santiment noted that this pattern is familiar, having been observed after events like the Ethereum (CRYPTO: ETH) merge and Bitcoin (CRYPTO: BTC) halving. Traders often become euphoric, expecting prices to soar, only to be surprised by a retracement.
Santiment指出，這種模式很熟悉，類似的情況發生在以太幣合併和比特幣減半等事件之後。交易員們常常變得興奮，期望價格飆升，但往往被回撤擊敗。
Despite the initial bullish reaction, the market's response may not be as straightforward. Traders are advised to monitor sentiment and funding rates closely. Positive sentiment could indicate greed, while negative sentiment might signal a buying opportunity.
儘管一開始市場反應看漲，但市場的回應可能沒有那麼簡單。建議交易員密切監控情緒和資金費率。積極情緒可能表示貪婪，而消極情緒可能意味着購買機會。
Two more rate cuts are expected by the end of 2024, potentially lowering interest rates by 100 basis points heading into 2025, according to the report.
報告顯示，預計到2024年底還將再進行兩次減息，可能將利率降低100個點子，進入2025年。
Why It Matters: The Federal Reserve's decision to cut interest rates by 50 basis points to a range of 4.75% to 5% marks a significant shift in monetary policy.
重要性：聯儲局將利率下調50個點子，降至4.75%至5%的區間，標誌着貨幣政策的重大轉變。
Jerome Powell, the Fed Chair, defended the move, stating it was necessary to support the labor market and prevent economic harm. Powell emphasized the importance of acting preemptively to safeguard the economy, highlighting the Fed's cautious, data-driven approach.
聯儲局主席傑羅姆·鮑威爾辯護稱，此舉是爲了支持勞動力市場和防止經濟損害。鮑威爾強調了預防性行動對於保護經濟的重要性，強調了聯儲局謹慎、數據驅動的方法。
The rate cut has broader implications for consumers, potentially affecting mortgage rates, credit card interest rates, and auto loan rates. This trickle-down effect could influence consumer spending and borrowing behavior.
減息對消費者有更廣泛的影響，可能影響抵押貸款利率、信用卡利率和汽車貸款利率。這種影響傳導效應可能會影響消費者的消費和借貸行爲。
Despite the initial market euphoria, Powell's cautious remarks on the future rate path have injected uncertainty into the markets. The Fed's dot plot indicates further easing ahead, with additional rate cuts expected in the coming years.
儘管最初的市場狂熱，鮑威爾對未來利率路徑的謹慎言論給市場注入了不確定性。聯儲局的點陣圖顯示未來仍將進一步寬鬆，預計未來幾年將有進一步的減息措施。
Price Action: Bitcoin is trading at $61,950.10, up 0.32% in the last 24 hours. Year to date, it has gained 40.14%. Meanwhile, Ether is currently priced at $2,357.76, rising 0.92% in the last 24 hours. Year to date, it has increased 0.19%, according to data from Benzinga Pro.
價格走勢：比特幣目前交易價爲61,950.10美元，過去24小時漲幅爲0.32%。截至今年，比特幣已經上漲了40.14%。同時，以太幣目前的價格爲2,357.76美元，在過去24小時內上漲了0.92%。根據Benzinga Pro的數據，截至今年，以太幣的漲幅爲0.19%。
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Image Via Shutterstock
圖片來自Shutterstock。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
本報道使用Benzinga Neuro生成，並由Kaustubh Bagalkote