This week, BTC price fluctuated narrowly around US$95,000, with the maximum volatility during the week only 3.86%. ETH rebounded strongly after market sentiment bottomed out, reaching a maximum of US$2,849.70, with a weekly increase of 11.88%. It is currently fluctuating in the range of US$2,600-2,700 (Binance spot data, 17:00 on February 18).
The macroeconomics entered a period of low volatility, with high growth, low inflation and low interest rates coexisting. Trump's takeover did not bring about severe fluctuations in market expectations. The US dollar index fell after a brief fluctuation. The market has gradually become immune to the capricious tariff policies. At present, the market is more concerned about whether Trump's meeting with Putin can resolve the conflict between Russia and Ukraine as soon as possible.
After the recent core economic data was released, market expectations for a rate cut in June rose to 60%. Despite higher-than-expected CPI data and weak retail sales data, inflation remains the focus of market attention. Federal Reserve Chairman Powell stressed that he would not be overly optimistic or pessimistic because of individual data, and said that his inflation target focuses on the personal consumption expenditure (PCE) price index.
Gold has a stable position as a safe-haven asset and a hedge inflation tool. Gold prices have risen 10% over the past 25 years, and demand for spot gold delivery has been strong. According to Bloomberg, the amount of gold transferred by financial institutions to the U.S. COMEX approved vault has increased by more than 70% compared to usual. Trump's capricious tariff policies and the Fed's attitude towards inflation have further stimulated gold demand. In this regard, Tradu's senior financial commentator Nicos Zabullas pointed out that in the "Trump 2.0" era full of uncertainty, gold will benefit from safe-haven demand and central bank gold purchases. However, if inflation rebounds, the Fed may adopt a more cautious monetary policy, which could push up the dollar and curb gold demand.
In the past 25 years, ETH prices have fallen by more than 20%, with relatively low volatility. Market trading sentiment towards ETH has recently fallen to the bottom. However, given the powerful application scenarios of ETH and the institutions that continue to buy ETH (such as Trump's World Liberty Financial), ETH has the possibility of a technical rebound. ETH rebounded strongly this week, with the highest increase of more than 11%. With the rebound of community interest and the conversion of SOL to ETH, the disadvantages of Meme coins appear in the market with insufficient liquidity, and the ETH ecosystem with strong application attributes may rebound.
The RBA lowered the benchmark interest rate by 25 basis points to 4.10%, the first rate cut since November 2020, in line with market expectations. But the central bank also said that if interest rate cuts are too fast, it may lead to a stagnation of inflation and is cautious about further interest rate cuts. This hawkish remark led to a brief rise in the Australian dollar and then fell, as did Australian stocks.
Cointelegraph reported that as of the end of 2024, pension funds or treasury in 12 states in the United States held MicroStrategy (MSTR) shares, with a total value of US$330 million. The California Teachers' Pension Fund holds the most MSTR stock, worth approximately $83 million. Other states holding MSTR stocks include Arizona, Florida, Wisconsin, North Carolina, Illinois, Louisiana, Maryland, Texas and Utah.
The above is the detailed content of Matrixport Market Observation: The macro market enters a low volatility cycle, and ETH may usher in a bottoming rebound. For more information, please follow other related articles on the PHP Chinese website!
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