O Bitcoin volta a cair, abaixo de 94.000 dólares, eliminando todos os ganhos desde o início do ano

Beijing time 17th, after rising to $96,600, Bitcoin once again plunged, dropping to $93,778.6, erasing all gains this year. As of around 7 o’clock, Bitcoin fell over 1%, breaking below $95,000. Multiple cryptocurrency products followed the decline.

Coinglass shows that in the past 24 hours, over 150,000 people worldwide have been liquidated.

On the news front. Recently, the market’s expectation of a rate cut in December has cooled, and the overall risk appetite in the United States has significantly declined.

According to the Securities Times citing CME “Federal Reserve Watch,” the probability of the Federal Reserve cutting interest rates by 25 basis points in December has fallen below 50%, at only 44.4%, with the probability of maintaining rates unchanged rising to 55.6%; the probability of the Federal Reserve cutting rates by a total of 25 basis points by January next year is 48.6%, with a 34.7% chance of holding rates steady, and a 16.7% chance of a total cut of 50 basis points.

According to previous reports from CaiLianShe, short-term interest rate futures (the best real-time indicator reflecting financial market expectations of Federal Reserve policy) show that the likelihood of the Federal Open Market Committee (FOMC) cutting rates in December 10th has dropped to 47%, whereas earlier last week, this probability was 67%.

According to Morgan Stanley’s forecast, the Federal Reserve will be able to obtain complete data on US September employment, inflation, retail sales, and Q3 GDP preliminary figures before the December 9-10 rate meeting, depending on whether the October and November employment reports can be released in time.

Additionally, Bank of America and Nomura have already forecasted in their research reports that the Federal Reserve will hold steady in December.

According to CCTV News, on the 14th, Dallas Federal Reserve Bank President Logan stated that, unless there is clear evidence of a faster decline in US inflation, she does not support the Federal Reserve cutting rates again in December. Logan pointed out that the current inflation level in the US is still trending upward, and returning to the 2% target will take time.

Previously, Chicago Federal Reserve Bank President Goolsbee said that the US government “shutdown” has led to missing economic data, which makes him more cautious about further rate cuts. Federal Reserve Board member Lisa Cook also stated that, given the dual risks of inflation and labor market prospects, it is currently uncertain whether rates will be cut again in December.

(Disclaimer: The content of this article is for reference only and does not constitute investment advice. Investors operate at their own risk.)

(Edited by: Wen Jing)

Keywords:

                                                            Bitcoin