Matrixport: U.S. Fiscal Uncertainty Still Core Driver of Hard Asset Appreciation, but Short-Term Consolidation Possible
BlockBeats News, August 1st, Matrixport released its latest report pointing out that the core catalyst for Bitcoin's new round of rise is gradually emerging. Despite the frequent positive developments in Ethereum (such as ETF inflows, increasing institutional allocation, SEC possibly approving staking mechanisms), the funding rate has only risen to 15%, indicating that the market heat has not yet fully dissipated.
The report mentioned that August and September have historically been relatively weak months for Bitcoin performance throughout the year. With the latest FOMC meeting concluded and the next meeting scheduled for September 17th, lacking short-term policy catalysts, the market may shift to a wait-and-see mode and enter a consolidation phase.
Furthermore, U.S. fiscal uncertainty remains a core driver of the rise in hard assets. The recent proposal by Trump for a $5 trillion debt ceiling expansion plan has already led to a more than 10% surge in the U.S. debt balance. Bitcoin, as a hedge tool, is benefiting from this macro change, and the future trend still requires attention to changes in fund flows.
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