BitMEX Alphas Crypto Market Insights of the Week: Fed가 금리를 50베이시스포인트 인하했고 시장이 반등했습니다.

Your weekly crypto market statistics, news headlines and trading ideas, all in one place.

간략한 개요

● This week has seen a notable market rebound, with Bitcoin surging to as high as the $64,000 level — a one-month high — following the Federal Reserve’s unexpectedly aggressive 50 basis point rate cut on Wednesday.

● The altcoin market performed strongly, with several tokens recording impressive gains. Notably, TIA, SUI, and Popcats stood out as the best performing tokens, demonstrating the breadth of the current market uptrend.

● Given the current macroeconomic backdrop, traders should remain optimistic about short-term market dynamics. However, it will be critical to keep a close eye on the upcoming Bank of Japan meeting, as its outcome could significantly impact the JPY/USD exchange rate, which in turn could affect broader market sentiment.

데이터 개요

Outperforming currencies:

● $TIA (+49.5%): TIA is seeing a strong short squeeze as many are betting against it due to the upcoming massive token unlock.

● $SUI (+37.8%): SUI surged for the second week in a row, driven by positive news including inclusion in Grayscale’s investment trust and the launch of the native USDC.

● $POPCAT (+38.4%): POPCAT was the best performing memecoin on BitMEX this week.

Underperforming Coins:

● $DOT (+1.3%): As attention and liquidity focus elsewhere, DOT lags behind emerging L1 tokens, which dominate the list of top performers.

● $ADA (+1.3%): Cardano, another “traditional” L1, unsurprisingly underperformed the broader market.

● $KLAY (+1.2% ): Despite its recent rebranding and potential synergies with Line and Kakao, it’s disappointing to see KLAY once again on the losers list.  

소식

매크로:

● ETH ETF weekly outflow: -$32.8 million ( 원천 )

● BTC ETF weekly inflows: +$305.2 million ( 원천 )

● The Federal Reserve cut interest rates by 50 basis points, launching the first easing cycle in four years ( 원천 )

● Trump bought burgers with Bitcoin at PubKey, a cryptocurrency gathering place in New York ( 원천 )

● Ray Dalio says the Fed faces a difficult balancing act in the face of massive debt ( 원천 )

● Fridays Bank of Japan meeting will test the fate of yen-sensitive Japanese stocks ( 원천 )

프로젝트

● Binance CEO says the cryptocurrency exchange has seen a 40% increase in institutional and corporate investors this year ( 원천 )

● LayerZero and a16z have launched the lzCatalyst program, which aims to provide up to $300 million in investment for full-chain Dapps ( 원천 )

● Stablecoin USDC is now available in Brazil and Mexico, supporting direct exchange with local fiat currencies ( 원천 )

● Crypto VC firm Dragonfly Capital is seeking to raise $500 million for its new fund ( 원천 )

● British fintech company Revolut plans to issue its own stablecoin ( 원천 )

● Hemi Labs completes $15 million funding round, securing investment in its modular blockchain network ( 원천 )

● Bitget and Foresight Ventures made a $30 million strategic investment in TON blockchain ( 원천 )

트레이딩 알파

참고: 다음은 금융 조언을 구성하지 않습니다. 이는 시장 뉴스의 편집이며, 거래를 실행하기 전에 항상 직접 조사할 것을 권장합니다. 다음은 보장된 수익을 표현하려는 것이 아니며, 거래가 예상대로 수행되지 않을 경우 BitMEX는 책임을 질 수 없습니다.

The Fed cuts rates by 50 basis points – what happens next?

The Federal Reserve decided to cut interest rates by a massive 50 basis points, lowering its benchmark rate to 5% — below the expected 5.25%. This marked the Feds first rate cut since March 2020, and the median forecast showed two additional 25 basis point cuts in 2024. Although Governor Miki Bowman cast a dissenting vote, Fed Chairman Jerome Powell expressed confidence that the aggressive action would help maintain economic strength and a stable labor market while making progress toward the 2% inflation target.

Does the rate cut signal the start of a crypto bull run?

There is clear short-term upside potential given the macro tailwinds: improved liquidity and an economy supported by rate cuts. The 50 basis point rate cut showcases the Feds proactive approach, prioritizing economic indicators such as unemployment over inflation. Since June, Fed officials outlook for deeper rate cuts has increased significantly. The latest dot plot shows that almost all officials agree that rates will fall more than previously expected.

Continued strong expectations of rate cuts, combined with a potentially high inflation, low interest rate environment, create the perfect storm for Bitcoin to rise.

What should we pay attention to in the short term?

The JPY/USD exchange rate will be most critical. Friday’s Bank of Japan (BoJ) meeting will determine the fate of the yen exchange rate, and a strong yen could have a negative impact on risk assets, including Bitcoin and cryptocurrencies. After the unexpected rate hike in July, there is still “a concern” that the BoJ may take action. However, if these concerns prove unfounded, the resulting calm should make the case for Japanese stocks being undervalued more apparent.

Given rising inflation in Japan, the BoJ will inevitably raise yen rates. With the Fed’s aggressive 50bp rate cut, the yen is likely to strengthen gradually, although the move itself will be relatively mild.

Which coins to buy?

As mentioned in previous issues, here are some coins that traders may be interested in and have the potential to outperform:

Bitcoin: The BTC ETF has resumed significant positive inflows, with its unique attributes once again establishing its position as the undisputed king of cryptocurrencies.

New L1: Alternative Layer 1 blockchains continue to be the outperforming sector, especially $SOL, $SUI, $APT and $AVAX.

DeFi: DeFi tokens are facing multiple tailwinds, including lower interest rates, an improved regulatory environment, and Trump’s involvement in DeFi projects. The main tokens to watch are $UNI and $AAVE.

This article is sourced from the internet: BitMEX Alphas Crypto 시장 Insights of the Week: The Fed cut interest rates by 50 basis points and the market rebounded significantly

Related: Dialogue with Bitwise Investment Manager: Waiting for liquidity to recover is the key to entering the market

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