Market Performance - Bitcoin's market share decreased from 61% at the beginning of the month to 57%, indicating a shift in market funds towards Ethereum[3] - Ethereum reached a historical high of $4,950, while Bitcoin fell back to the critical support level of $112,000 after a brief increase following Fed Chair Powell's speech[3] Regulatory and Policy Updates - Fed Chair Powell hinted at a possible rate cut in September, which initially boosted risk assets, but the probability of maintaining rates at the September FOMC meeting rose to 36%[7] - Both China and the US are actively developing stablecoin strategies, with China considering a new roadmap for RMB internationalization that includes stablecoins as a core focus[7] Market Sentiment and Fund Flows - The Fear and Greed Index dropped to 45, indicating a neutral market sentiment[12] - Bitcoin ETFs experienced a net outflow of approximately $1.2 billion over six days, reflecting temporary weakness in institutional demand[16] Ethereum ETF Performance - Ethereum ETFs showed stable inflows, contrasting with the outflows seen in Bitcoin ETFs, with a total inflow of approximately $598.5 million over the observed period[18]
数字货币周报-20250828
First Shanghai Securities·2025-08-28 09:04