Fluctuating Crypto Market: Altcoins Dip Amidst Fed Interest Rate Decision
加密市场的波动:在您的利率决策中倾斜
Since January 18, the altcoin market has experienced a significant decline of 7.49%. Within the past 24 hours, most of the top ten altcoins have exhibited negative performances: Ethereum (-1.4%), Solana (-1.6%), BNB (-0.5%), Dogecoin (-0.7%), and Cardano (-1.3%).
自1月18日以来,Altcoin市场的显着下降了7.49%。在过去的24小时内,前十名Altcoins中的大多数表现出负面表现:以太坊(-1.4%),Solana(-1.6%),BNB(-0.5%),Dogecoin(-0.7%)和Cardano(-1.3 %)。
Bitcoin's Bullish Outlook
比特币的看法
Contrarily, the Bitcoin market has demonstrated a bullish trend during this period. It is noteworthy that the US Federal Reserve is poised to announce its interest rate decision within the next 24 hours.
相反,在此期间,比特币市场表现出了看涨的趋势。值得注意的是,美国美联储准备在接下来的24小时内宣布其利率决定。
Altcoin Decline and Fed Interest Rate Expectations
山寨币下降并提高利率期望
According to crypto market expert Michael van de Poppe, the recent altcoin market crash stems from the likelihood of no interest rate cuts.
据加密市场专家迈克尔·范德·波普(Michael Van de Poppe)称,最近的替代币市场崩溃是由于没有降低利率的可能性。
Market Behavior Prior to Fed Meeting
美联储会议之前的市场行为
At the beginning of January, the altcoin market's total market capitalization reached $1.33 trillion. It peaked at $1.49 trillion on January 6. However, a sharp correction ensued between January 7 and 9, resulting in a 10.73% decline. Despite a subsequent 4.13% single-day growth that surpassed January 6's closing price, the market has experienced a steady decline since January 18.
1月初,Altcoin市场的总市值达到1.33万亿美元。它在1月6日达到了1.49万亿美元的峰值。但是,1月7日至9日之间进行了急剧的更正,导致下降了10.73%。尽管随后的4.13%的单日增长超过了1月6日的收盘价,但自1月18日以来,该市场一直在下降。
Fed Meeting and Market Reaction
美联储和市场反应
The US Federal Reserve's interest rate decision is scheduled for tomorrow. The consensus predicts that the Fed will maintain the interest rate within the range of 4.25%-4.5%. In December, the Fed initiated a rate cut of 0.25%, hinting at a potential pause in the rate cut cycle.
美国美联储的利率决定定于明天。共识预测,美联储将维持利率在4.25%-4.5%的范围内。 12月,美联储开始降低0.25%的速度,暗示了降低速度周期的潜在停顿。
In a recent tweet, Michael van de Poppe suggests that the absence of rate cuts is primarily responsible for the altcoin crash.
在最近的一条推文中,迈克尔·范德·波普(Michael van de Poppe)认为,降低税率的缺失主要是altcoin崩溃的原因。
Potential for Altcoin Recovery
山寨币恢复的潜力
Crypto expert Poppe observes that if the US Fed signals future rate cuts, the altcoin market could experience a rebound.
加密专家Poppe观察到,如果美国美联储表示未来降低税率,那么Altcoin市场就会经历反弹。
Alternative Market Trends
替代市场趋势
Meanwhile, NVIDIA Corp. is attempting to regain lost ground after a recent sharp decline. In the last 24 hours alone, its market has surged by 8.93%.
同时,Nvidia Corp.试图在最近的急剧下降后重新获得失落的地面。仅在过去的24小时内,其市场就飙升了8.93%。
Bitcoin, in the last 30 days, has achieved a 9.9% growth, indicating promising prospects for its future.
在过去的30天中,比特币的增长率为9.9%,表明其未来有希望的前景。
Market Volatility and Fed Decision
市场波动和美联储决定
The crypto market remains volatile in anticipation of the US Fed's interest rate decision. While Bitcoin and NVIDIA show resilience, altcoins face challenges due to expectations of no rate cuts. If the Fed hints at future cuts, however, altcoins could witness a resurgence.
由于预期美国美联储的利率决策,加密市场仍然波动。尽管比特币和NVIDIA表现出韧性,但由于预期没有降低费用,Altcoins面临挑战。但是,如果美联储暗示未来的削减,那么Altcoins可能会目睹复兴。