Cryptocurrencies Surge Amidst Rate Cut Expectations

降息預期中加密貨幣飆升

Cryptocurrencies are experiencing a notable recovery on Saturday, fueled by anticipation that the Federal Reserve will reduce interest rates next week. Bitcoin has regained a critical resistance level near $60,000.

在聯準會下週降息的預期推動下，加密貨幣週六出現顯著復甦。比特幣已重新回到 60,000 美元附近的關鍵阻力位。

Notable Gainers:

值得注意的贏家：

• Celestia (TIA): Rose 12% to $4.50, reaching a new high of $4.59.
• Popcat (POPCAT): Jumped 71% to $0.80, marking the highest level since late August.
• Pepe (PEPE): Gained 6%, while JasmyCoin (JASMY) rose over 5%.
• MOTHER Iggy (MOTHER): Increased by more than 5%.

The collective market capitalization of all tracked cryptocurrencies on CoinGecko has surpassed $2.20 trillion. This recovery aligns with positive performance in other asset classes, including gold and American equities.

Celestia (TIA)：上漲12%，至4.50 美元，達到4.59 美元的新高。 JasmyCoin (JASMY) ）上漲超過 5%。這種復甦與其他資產類別的正面表現一致，包括黃金和美國股票。

The rally was sparked by encouraging inflation data released by the US on Wednesday. The data indicated a decline in headline consumer inflation to 2.5%, the lowest level in over two years. This raises the likelihood of the Federal Reserve beginning to lower interest rates on September 18th.

此次上漲是由美國週三公佈的令人鼓舞的通膨數據引發的。數據顯示整體消費者通膨率下降至 2.5%，為兩年多來的最低水準。這增加了聯準會於 9 月 18 日開始降息的可能性。

Bitcoin Whales and Sharks Accumulate

比特幣鯨魚和鯊魚不斷積累

Bitcoin's rise was further driven by Michael Saylor's announcement that MicroStrategy has acquired an additional 18,300 BTC worth $1.1 billion. MicroStrategy remains the largest corporate holder of Bitcoin, with over 244,800 coins in its portfolio.

Michael Saylor 宣布 MicroStrategy 又收購了價值 11 億美元的 18,300 BTC，進一步推動了比特幣的上漲。 MicroStrategy 仍然是比特幣最大的企業持有者，其投資組合中擁有超過 244,800 枚比特幣。

Additionally, data shows that large investors (whales and sharks) have been actively accumulating Bitcoin. The volume of Bitcoin on exchanges has declined to its lowest level in years.

此外，數據顯示大型投資者（鯨魚和鯊魚）一直在積極累積比特幣。交易所的比特幣交易量已降至多年來的最低水準。

Stablecoin Holdings Decline

穩定幣持有量下降

Meanwhile, data from Nansen indicates that smart money's holdings in stablecoins have been decreasing. This suggests a gradual shift away from risk aversion and towards more active trading.

與此同時，南森的數據表明，聰明資金持有的穩定幣一直在減少。這顯示人們逐漸從規避風險轉向更活躍的交易。

Potential Risks

潛在風險

Despite the positive momentum, Bitcoin and altcoins face the potential risk of a "death cross" technical pattern, as the spread between the 50-day and 200-day moving averages narrows.

儘管勢頭良好，但隨著 50 日和 200 日移動平均線之間的價差收窄，比特幣和山寨幣面臨「死亡交叉」技術模式的潛在風險。