Bitcoin 'might rally significantly,' says analyst as it spikes alongside Ethereum, Dogecoin on moderating inflation: Key levels to watch
Bitcoin 'might rally significantly,' says analyst as it spikes alongside Ethereum, Dogecoin on moderating inflation: Key levels to watch
Risk assets shot up as data from the U.S. Labor Department indicated that headline CPI rose 8.5% in July compared with 9.1% in June. The number was below economist estimates of an 8.7% rise. At press time, the Major coins rallied on Wednesday after July consumer price index data indicated a slowdown in inflation. The global cryptocurrency market cap rose 3.9% to $1.1 trillion at press time.
在7月份消费者价格指数数据显示通胀放缓后，主要硬币周三上涨。截至发稿时，全球加密货币市值上涨3.9%，至1.1万亿美元。
| Coin | 24-hour | 7-day | Price |
|---|---|---|---|
| Bitcoin (CRYPTO: BTC) | 3.9% | 4.2% | $23,957.31 |
| Ethereum (CRYPTO: ETH) | 8.7% | 14.3% | $1,851.18 |
| Dogecoin (CRYPTO: DOGE) | 2.7% | 7.7% | $0.07 |
| 钱币 | 24小时 | 7天 | 价格 |
|---|---|---|---|
| 比特币(密码：BTC) | 3.9% | 4.2% | 23,957.31美元 |
| 以太(加密：ETH) | 8.7% | 14.3% | 1,851.18美元 |
| 道格考因(Dogecoin)(密码：Doge) | 2.7% | 7.7% | 0.07美元 |
| Cryptocurrency | 24-Hour % Change (+/-) | Price |
|---|---|---|
| Celsius (CEL) | +23.1% | $2.31 |
| Lido DAO (LDO) | +18% | $2.68 |
| AAVE (AAVE) | +12.4% | $110.60 |
| 加密货币 | 24小时百分比更改(+/-) | 价格 |
|---|---|---|
| 摄氏度(CEL) | +23.1% | 2.31美元 |
| 丽都岛(LDO) | +18% | 2.68美元 |
| AAVE(AAVE) | +12.4% | 110.60美元 |
Why It Matters: Among the major coins, $Ethereum(ETH.CC)$ led in gains — rising nearly 9% intraday, compared with $Bitcoin(BTC.CC)$'s 4% gains.
为什么这很重要：在主要的硬币中，有$以太(ETH.CC)$领涨-盘中上涨近9%，与$比特币(BTC.CC)$4%的涨幅。
Risk assets shot up as data from the U.S. Labor Department indicated that headline CPI rose 8.5% in July compared with 9.1% in June. The number was below economist estimates of an 8.7% rise. At press time, the $S&P 500 index(.SPX.US)$ and $NASDAQ 100 Index(.NDX.US)$ futures rose 0.2% and 0.3%, respectively.
随着美国数据的公布，风险资产大幅上涨。劳工部数据显示，7月份整体CPI上涨8.5%，而6月份为9.1%。这一数字低于经济学家预计的8.7%的涨幅。截至记者发稿时，该公司$标准普尔500指数(.SPX.US)$和$纳斯达克100指数(.NDX.US)$期金分别上涨0.2%和0.3%。
Wall Street is now anticipating a Fed pivot in September as pricing reflects a half-point increase. If inflation continues to drop, the bull-steepening trade will gain further momentum."
- said Edward Moya, a senior market analyst with OANDA.
华尔街现在预计美联储将在9月份加息，因为定价反映出加息0.5个百分点。如果通胀继续下降，牛市陡化的贸易将获得进一步的动力。
--他说。爱德华·莫亚，OANDA的高级市场分析师。
Bitcoin might rally significantly if this broad risk-on rally continues. The majority of the crypto space is still skeptical of the Bitcoin rebound that started in mid-June, but momentum traders may pounce on this opportunity if Bitcoin rallies above the $25,000 level. A Bitcoin breakout could target the $28,400 level initially."
-said Moya, in a note seen by Benzinga.
如果这种冒险的大涨势持续下去，比特币可能会大幅上扬。密码领域的大部分人仍然对始于6月中旬的比特币反弹持怀疑态度，但如果比特币反弹至2.5万美元上方，动量交易者可能会抓住这个机会。比特币的突破最初可能瞄准28,400美元的水平。
-莫亚在Benzinga看到的一份便条中说。
Cryptocurrency trader Michaël van de Poppe tweeted that the apex coin rejected resistance and expects some consolidation between the $23,200 and $23,400 levels to sustain support. He expects the trend to target the $27,000 to $28,000 levels.
加密货币交易员米夏埃尔·范德波普他在推特上表示，顶端硬币拒绝了阻力，并预计23,200美元至23,400美元之间的一些盘整将维持支撑。他预计，这一趋势的目标是27,000美元至28,000美元的水平。
The lower inflation number will "bode well" for cryptocurrencies, while the dollar index, a measure of the greenback's strength against a basket of six other currencies, was down immediately to channel support, noted trader Justin Bennett on Twitter. At press time, the dollar index was 0.05% higher at 105.25.
交易员指出，较低的通胀数据对加密货币来说将是个好兆头，而衡量美元兑一篮子其他六种货币强弱的美元指数则立即下跌，以引导支撑贾斯汀·班尼特在推特上。截至发稿时，美元指数上涨0.05%，至105.25。
The ratio of Tether (USDT) on exchanges has risen from 19.7% in early May to 42% over three months. This can be an indicator that traders took profit as prices of cryptocurrencies rose or a "sign of a 2-year high in buying power, tweeted Santiment, an on-chain and social analysis platform.
的比例系绳在三个月的时间里，交易所的美元兑美元汇率从5月初的19.7%上升到42%。这可能是交易员在加密货币价格上涨时获利了结的一个指标，也可能是“购买力达到两年高点的迹象”，推特上写道圣诞老人，一个链式和社交分析平台。
