cryptd.in

另类 LinkedIn 适合加密人才

Stagflation Vs. Crypto: Can Bitcoin And Ether Weather The Storm?

-

由

于

The cryptocurrency market is experiencing a period of volatility as investors grapple with conflicting forces. Renewed anxieties about stagflation in the US – a scenario of high inflation coupled with sluggish economic growth – are putting downward pressure on prices.

However, potential countervailing factors, including a liquidity injection from the US government and the launch of Hong Kong’s Bitcoin ETFs, are offering a glimmer of hope.

Crypto Prices Tumble On Stagflation Jitters

Bitcoin, the leading cryptocurrency, is currently trading around $62,559, representing a 1.5% decline in the past 24 hours. Ethereum (ETH) and other major digital assets are mirroring this trend, with ETH experiencing a 3.30% drop to $3,187. This price slump reflects growing concerns about a potential stagflationary environment in the US.

Stagflation is historically considered a “nightmare scenario” for investors, as it presents a difficult choice. High inflation erodes the value of cash holdings, while a stagnant economy discourages risk-taking behavior. Cryptocurrencies, often viewed as a risky asset class, tend to suffer in such situations.

US Economic Data Fuels Uncertainty

Recent economic data from the US is fueling these anxieties. The first-quarter GDP report revealed a significantly slower growth rate compared to the previous quarter, falling from 3.4% to a mere 1.6% annualized rate.

Meanwhile, the Personal Consumption Expenditures (PCE) price index, a key inflation metric for the Federal Reserve, painted a worrying picture. Prices rose to a 3.4% annualized rate in the first three months of 2024, a significant jump from the 1.8% witnessed in the final quarter of 2023.

This combination of sluggish economic growth and persistent inflation raises concerns that the Fed might be less inclined to cut interest rates as previously anticipated. Lower interest rates are generally seen as positive for risk assets like cryptocurrencies, as they incentivize borrowing and investment. With rate cuts seemingly off the table, investors are adopting a cautious stance.

Stagflation: Potential Lifelines On The Horizon

Despite the prevailing negativity, there are some potential bright spots on the horizon for the crypto market. The US government’s fiscal strategy, which leverages the Treasury General Account (TGA) and the Reverse Repurchase Program (RRP), could inject over $1 trillion in liquidity into the financial system. This significant influx of cash could potentially bolster risk assets, including cryptocurrencies.

Furthermore, the much-anticipated launch of Bitcoin exchange-traded funds (ETFs) in Hong Kong on April 30th is generating cautious optimism. These ETFs could attract new investors to the crypto market, particularly from Asia. However, restrictions on mainland Chinese investors participating in the trade could dampen the overall impact.

The Crypto Market: A Balancing Act

The near future of the crypto market hinges on the interplay of these opposing forces. The threat of stagflation and the possibility of a more hawkish Federal Reserve pose significant challenges. However, potential government intervention and the launch of Hong Kong’s Bitcoin ETFs could offer some much-needed support.

In the coming weeks, investors will be closely monitoring economic data and government actions to gauge the direction of the US economy and its potential impact on the crypto market.

Featured image from Pexels, chart from TradingView

评论

發佈留言

發佈留言必須填寫的電子郵件地址不會公開。 必填欄位標示為 *

最新信息

热门类别

zh_TW 繁體中文
zh_TW 繁體中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (378) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (66) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (64) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (3) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (5) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。