BTC, ETH News: Bitcoin, Ether Steady as Traders Next Wave of Rate Cuts
Bitcoin and Ether remained stable as concerns about AI spending impacted Oracle's stock and traders await further rate cut signals.Summary
Bitcoin and Ether exhibited relative stability amidst market concerns triggered by Oracle's significant stock decline due to increased AI-related capital expenditures. Traders are focusing on preserving existing trends, with investment concentrated in large-cap cryptocurrencies. Bitcoin surpassed $92,000, showing modest gains, while Ether also rose. Analysts at Bitunix note a division among institutions regarding the timing of future rate cuts, with some anticipating cuts in March and others favoring a more cautious approach. The market's reaction suggests a growing sensitivity to spending discipline and the need for earnings to justify further risk-taking. Additionally, data from GoPlus Security shows significant activity in its product lines and the $GPS token, while Dogecoin remains range-bound despite the recent Federal Reserve rate cut.
(Source：CoinDesk)