Weekly Market Wrap: Bitcoin sobrecarregado pela incerteza do teto da dívida

Weekly Market Wrap: Bitcoin sobrecarregado pela incerteza do teto da dívida

Carimbo de data / hora: 26 de maio de 2023 12h
Nó Fonte: 2678562

Bitcoin fell 1.40% from May 19 to May 26 to trade at US$26,451 at 7:00 p.m. Friday in Hong Kong. The world’s largest cryptocurrency by market capitalization has been trading under US$30,000 since April 19. Ether rose 0.34% over the week to US$1,813 recapturing US$1,800 on Thursday.

The lack of progress in U.S. debt ceiling negotiations continued to erode risk appetite as the June 1 deadline neared. On Wednesday, Fitch Ratings placed the U.S.’ AAA rating on a negative rating watch, saying that debt ceiling negotiations raised the risks of the government missing payments on some of its obligations.

“Bitcoin and Ether have shrugged off the U.S. debt ceiling negotiations and the potential ripple effects for crypto. President Biden has already declared the country will not default on its debt,” Lucas Kiely, the chief investment officer of digital asset platform Yield App , said . “With liquidity tight, the crypto market doesn’t seem to be too concerned over these macro events. It will take something much more substantial to move these markets.”

Johnny Louey, a crypto research analyst at trading platform LiquidityTech Protocol , disagreed, saying that the debt ceiling negotiations are the main factors weighing down Bitcoin price.

“Although the debt ceiling has been raised and revised 78 times since 1960, investors are aware of the default risk if negotiations fail. This is the first time Bitcoin encountered such an economic incident and it’s reasonable to assume a risk-off approach would be appropriate,” said Louey .

The global crypto market capitalization stood at US$1.11 trillion on Friday at 7:00 p.m. in Hong Kong, down 0.89% from US$1.12 trillion a week ago, according to CoinMarketCap data. With a market cap of US$512 billion, Bitcoin represented 46.1% of the market, while Ether, valued at US$218 billion, accounted for 19.6%.

“Toda a capitalização de mercado das criptomoedas permaneceu essencialmente inalterada por um ano”, disse Kiely. “O plano da Tether de expandir suas participações em Bitcoin pode aumentar temporariamente os preços, mas não é provável que tenha um grande impacto. O halving do Bitcoin em 2024 pode levar a um aumento de preço, no entanto, ainda não começamos a ver os efeitos disso.”

On May 17, Tether , the company behind the world’s largest stablecoin USDT, revealed its plans to “regularly allocate” as much as 15% of its net operational profits to buy Bitcoin, aiming to boost its reserves portfolio. Tether held approximately US$1.5 billion in Bitcoin reserves, at the time of the announcement.

Bitcoin inativo atinge alta histórica

The amount of Bitcoin that has been inactive for at least a year rose to an all-time high of 68.46% on Wednesday, according to data aggregator MacroMicro .

“It could mean short-term selling pressure decreases if the Bitcoin holdings in short-term holdings shift to longer-term holders. However, we will not be able to tell whether the addresses belong to institutional investors or not,” Tom Wan, a research analyst at 21.co , the parent company of 21Shares, an issuer of crypto exchange-traded products, said.

De acordo com Kiely da Yield App, isso sugere que cada vez mais investidores em todo o mundo pretendem manter seu Bitcoin a longo prazo. 

“É provável que essa tendência continue e até acelere – mesmo potencialmente ao ponto de hiperbitcoinização – dada a incerteza relacionada a um cenário regulatório em evolução e ao crescente reconhecimento do Bitcoin como uma reserva de valor”, disse Kiely. 

“Hiperbitcoinização” é um conceito que especula sobre a eventual ascensão do Bitcoin para se tornar a forma onipresente de dinheiro no mundo. 

Movimentadores notáveis: RNDR & KAVA

The Render Network’s native cryptocurrency was this week’s biggest gainer among the top 100 coins by market capitalization listed on CoinMarketCap, rallying 16.55% to US$2.83. The token started picking up momentum last Saturday, after the announcement of the new Render Foundation website. This is Render’s second consecutive week as the biggest gainer in the top 100 cryptos.

The Render Network leverages idle graphics processing units for digital rendering purposes, catering to areas such as 3D modeling, gaming imagery, and virtual reality.

Kava, the governance token of a layer-1 blockchain of the same name, was this week’s second-biggest gainer, rising 10.70% to US$1.09. The coin started picking up momentum on Monday, following the launch of the Kava mainnet last week.

Próxima semana: um acordo sobre o teto da dívida poderia quebrar a caminhada do Bitcoin?

U.S. President Joe Biden and House Speaker Kevin McCarthy are reportedly closing in on a deal that would raise the government’s debt ceiling for two years while capping spending on most items. Yet, the June 1 deadline is fast approaching, causing investor concerns about a potential default.

De acordo com Kenjaev, da WuuTrade, a incerteza em torno das negociações do teto da dívida continuará pesando no mercado cripto até que um acordo seja alcançado.  

“The sideways [movement] of Bitcoin is very much related to the current market risks and the fear. Investors’ activity during any economic risk talks is rather cautious. Hence the sideways in US$26,000 – US$30,000,” wrote Kenjaev, adding that positive news surrounding the U.S. economy will break the crab walk . 

Os investidores estão aguardando a divulgação na próxima semana do relatório de empregos dos EUA para maio, que inclui os dados cruciais das folhas de pagamento não-agrícolas. Essas informações geralmente servem como um barômetro para prever os próximos passos do Federal Reserve em relação aos ajustes nas taxas de juros. A ING Economics projetou um aumento de 195,000 nas folhas de pagamento não agrícolas para maio. Além disso, eles antecipam um ligeiro aumento na taxa de desemprego para 3.5% em maio, ante 3.4% no mês anterior.

No espaço criptográfico, a Optimism, uma rede de camada 2 da Ethereum, planeja aumentar a oferta circulante de seu token de governança (OP) na próxima quarta-feira, um ano após o lançamento da moeda. A expansão faz parte da estratégia da Optimism de aumentar o pool de tokens votados dentro da Token House, seu grupo de detentores de OP responsável por propor e votar em questões de governança.

See related article: Big buys fail to lift NFT markets as regulatory uncertainty weighs heavy on crypto

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