纽约时报
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#加密货币大涨原因 #特朗普
#纽约时报
Why did cryptocurrencies surge yesterday? On May 8th, the total market value of cryptocurrencies exceeded $3 trillion, reaching an 8-week high, with a daily increase of 2.5%; Bitcoin and Ethereum rose by approximately 2.5% to 4%.
The market rebound is driven by three main factors:
The first reason is concerns about Federal Reserve policy and stagflation. Fed Chairman Powell announced on May 7th that the United States would maintain its target interest rate at 4.25% to 4.5%, and the market expects a 70% probability that interest rates will not be cut next month. This suggests that the economy may face stagflation risks, with a slowdown in U.S. economic growth and high inflation coexisting. In this situation, investors view Bitcoin as digital gold, used to hedge against currency depreciation and inflation pressures. Grayscale's research director Pandel pointed out that stagflation risks are beneficial for value reserve assets like gold and Bitcoin, which has significantly improved sentiment in the crypto market, with the greed index returning to a state of greed.
The second reason is due to the U.S. trade agreement. Trump announced on his social media account Truth that on May 8th he would announce a trade agreement with an important country, which the New York Times revealed to be the United Kingdom. The implementation of this agreement alleviates global trade tensions and boosts investment confidence in risk assets. After the news was released, Bitcoin briefly surged by 4%, driving the overall increase. From a technical analysis perspective, the total market value of cryptocurrencies has rebounded by 30% from the low of $2.4 trillion in April, breaking through $3 trillion; the key resistance is near the 200-day moving average. If it stabilizes at this position, the next target will be between $3.1 trillion and $3.125 trillion. According to on-chain and exchange indicators, the Forks Index, derived from six sets of data and a set of weights, indicates that when the Forks falls below 20, it signals a change to blue, representing low risk, with a higher likelihood of a bullish trend in the market. Ignoring short-term fluctuations, cryptocurrencies are being gradually embraced by medium to long-term funds.
#纽约时报
Why did cryptocurrencies surge yesterday? On May 8th, the total market value of cryptocurrencies exceeded $3 trillion, reaching an 8-week high, with a daily increase of 2.5%; Bitcoin and Ethereum rose by approximately 2.5% to 4%.
The market rebound is driven by three main factors:
The first reason is concerns about Federal Reserve policy and stagflation. Fed Chairman Powell announced on May 7th that the United States would maintain its target interest rate at 4.25% to 4.5%, and the market expects a 70% probability that interest rates will not be cut next month. This suggests that the economy may face stagflation risks, with a slowdown in U.S. economic growth and high inflation coexisting. In this situation, investors view Bitcoin as digital gold, used to hedge against currency depreciation and inflation pressures. Grayscale's research director Pandel pointed out that stagflation risks are beneficial for value reserve assets like gold and Bitcoin, which has significantly improved sentiment in the crypto market, with the greed index returning to a state of greed.
The second reason is due to the U.S. trade agreement. Trump announced on his social media account Truth that on May 8th he would announce a trade agreement with an important country, which the New York Times revealed to be the United Kingdom. The implementation of this agreement alleviates global trade tensions and boosts investment confidence in risk assets. After the news was released, Bitcoin briefly surged by 4%, driving the overall increase. From a technical analysis perspective, the total market value of cryptocurrencies has rebounded by 30% from the low of $2.4 trillion in April, breaking through $3 trillion; the key resistance is near the 200-day moving average. If it stabilizes at this position, the next target will be between $3.1 trillion and $3.125 trillion. According to on-chain and exchange indicators, the Forks Index, derived from six sets of data and a set of weights, indicates that when the Forks falls below 20, it signals a change to blue, representing low risk, with a higher likelihood of a bullish trend in the market. Ignoring short-term fluctuations, cryptocurrencies are being gradually embraced by medium to long-term funds.
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