据华尔街巨头摩根士丹利于周二提交给美国证券交易委员会的文件显示，该机构正寻求监管部门批准， 推出与加密货币代币价格挂钩的交易所交易基金。 文件内容显示，摩根士丹利计划发行追踪比特币和索拉纳币价格的交易所交易基金。 此举将深化该银行在加密货币领域的布局，而距离美国证券交易委员会批准现货比特币交易所交易基金 已过去两年时间。 随着机构投资者对数字资产的接纳程度不断提升，资产管理公司普信集团已于去年提交了首只加密货币 交易所交易基金的相关申请。 责任编辑：李肇孚 据华尔街巨头摩根士丹利于周二提交给美国证券交易委员会的文件显示，该机构正寻求监管部门批准， 推出与加密货币代币价格挂钩的交易所交易基金。 文件内容显示，摩根士丹利计划发行追踪比特币和索拉纳币价格的交易所交易基金。 此举将深化该银行在加密货币领域的布局，而距离美国证券交易委员会批准现货比特币交易所交易基金 已过去两年时间。 随着机构投资者对数字资产的接纳程度不断提升，资产管理公司普信集团已于去年提交了首只加密货币 交易所交易基金的相关申请。 责任编辑：李肇孚 ...

一系列突破行业边界的新型加密货币企业登陆股市，吸引了大批投资者入局，同时也催生了更多冒险投 机行为。 作者：戴维・亚夫 - 贝拉尼、埃里克・利普顿 今年夏天，一群企业高管向华尔街金融家、曾任特朗普总统短期顾问的安东尼・斯卡拉穆奇推介了一份 商业计划书。 他们希望斯卡拉穆奇加入一家策略独特的上市公司 —— 通过囤积巨额加密货币，提升自身对投资者的 吸引力。 "他们其实没必要多费口舌说服我。" 斯卡拉穆奇说。不久后，他便以顾问身份加入了三家采用这一策 略的不知名企业，"整个洽谈过程十分顺利。" 然而，这份热度并未持续太久。今年秋季加密货币市场暴跌，导致斯卡拉穆奇参与的这三家企业股价纷 纷重挫，表现最差的一家跌幅超过 80%。 这些企业的兴起，源于特朗普掀起的加密货币热潮。特朗普不仅将这个曾经默默无闻的数字货币领域， 打造成了全球经济中的一股重要力量，还自诩为美国首位 "加密货币总统"。他叫停了针对加密货币企 业的监管打压，在白宫椭圆形办公室公开推广加密货币投资，签署支持加密货币发展的法案，甚至发行 了名为 "$TRUMP" 的模因币。 如今，这一系列支持举措引发的后果正逐渐显现。 今年以来，大批突破边界的新型加密 ...

比特币"血崩"：深夜跌破关键防线，加密寒冬再度来袭？ 在比特币市场中，关键防线通常是指一些具有重要意义的价格点位或技术指标。这些防线就像是市场的"城 墙"，一旦被突破，往往意味着市场趋势可能发生重大变化。8.7万美元这一关键价位，是市场心理和供需关系 的一个重要平衡点。在比特币价格处于上升趋势时，这一价位被视为支撑位，吸引着大量投资者买入，推动 价格进一步上涨。而当价格跌破这一支撑位时，市场的心理预期和供需关系会发生改变。 从心理层面来看，投资者对市场的信心会受到严重打击。原本看好比特币上涨的投资者会开始动摇，担心价 格会进一步下跌，从而纷纷选择抛售手中的资产。这种恐慌情绪会迅速蔓延，引发更多的抛售行为，形成恶 性循环。从供需关系来看，跌破关键价位意味着市场上的供应量增加，而需求量减少。一些持有比特币的投 资者为了止损，会加大抛售力度，而新进入市场的投资者数量减少，导致需求不足。这种供需失衡进一步加 剧了价格的下跌。 三、寒冬溯源：多重因素交织致市场崩塌 2025年12月1日深夜，加密货币市场掀起了一场惊涛骇浪，比特币价格突发闪崩，一举跌破8.7万美元这一关键 价位，宛如一颗重磅炸弹在市场中炸开，瞬间引发了市 ...

来源：@新财富杂志微博 【#加密货币大跌 超27万人爆仓#】12月1日上午，加密货币价格大幅走低，比特币早盘突发闪崩，价格 跌破8.7万美元。当天晚间，加密货币再度走低，比特币盘中一度下跌8%至83786美元。这也是自2025 年4月以来再次跌破8.7万美元。12月2日早间，比特币价格报86378美元/枚，下跌5%。以太坊的走势也 呈弱势，价格跌破2800美元/枚，日内跌6.36%。此外，XRP、BNB、索拉纳币均跌超6%。Coinglass数 据显示，过去24小时加密货币市场共有超27万人被爆仓，爆仓总金额高达9.85亿美元，其中多单爆仓8.7 亿美元，空单爆仓1.1亿美元。 来源：@新财富杂志微博 【#加密货币大跌 超27万人爆仓#】12月1日上午，加密货币价格大幅走低，比特币早盘突发闪崩，价格 跌破8.7万美元。当天晚间，加密货币再度走低，比特币盘中一度下跌8%至83786美元。这也是自2025 年4月以来再次跌破8.7万美元。12月2日早间，比特币价格报86378美元/枚，下跌5%。以太坊的走势也 呈弱势，价格跌破2800美元/枚，日内跌6.36%。此外，XRP、BNB、索拉纳币均跌超6%。Coing ...

那么，究竟是什么原因引发了这场加密货币市场的"大地震"呢？据了解，美联储12月降息预期降温成为 了主要"导火索"。近日，美联储内部分歧加剧，三位高级官员在同一天对通胀问题表达担忧，这使得12 月降息前景更加不明朗。随着市场对美联储12月降息预期概率跌破50%，投资者开始系统性撤离高风险 资产头寸，加密货币作为典型的风险资产，自然首当其冲。 摩根士丹利在最新研报中指出，若12月美联储联邦公开市场委员会（FOMC）议息会议按兵不动，美元 流动性边际收紧，将直接压制包括比特币在内的非生息资产表现。CoinShares研究主管James Butterfill也 表示，自9月以来，大户已抛售逾200亿美元的加密资产，所谓"四年周期论"正成为巨鲸减仓的"自我实 现预言"。在去杠杆压力下，散户高杠杆多头成为了最大的受害者。 不过，对于加密货币市场的未来，也有不同的观点。Hotcoin Research最新观点认为，经历2024 - 2025 年，市场参与者结构已焕然不同。机构资金占比提高意味着未来价格波动将更受基本面和数据驱动，短 期情绪影响相对减弱。后续机构博弈与理性定价将成为常态，2026年的比特币市场将更加成熟理性， ...

Group 1 - The cryptocurrency market experienced a significant decline, with Bitcoin dropping below $87,000 for the first time since April 2025, and further falling to $83,786, marking an 8% decrease in a single day [2] - Ethereum also showed weakness, falling below $2,800 with a daily drop of 6.36%, while other cryptocurrencies like XRP, BNB, and Solana dropped over 6% [2] - Over the past 24 hours, more than 270,000 traders were liquidated in the cryptocurrency market, with a total liquidation amount of $985 million, including $870 million from long positions [2] Group 2 - The U.S. stock market saw all three major indices decline, with the Dow Jones down 0.89%, Nasdaq down 0.38%, and S&P 500 down 0.53%, particularly affected by the drop in cryptocurrency-related stocks [2] - The expectation of a December interest rate cut by the Federal Reserve has diminished, putting pressure on risk assets, including cryptocurrencies [3] - Since September, large investors have sold over $20 billion in cryptocurrency assets, indicating a trend of de-leveraging among retail investors [3] Group 3 - The structure of market participants is changing, with an increase in institutional funding, suggesting that future price movements will be more driven by fundamentals and data rather than short-term sentiment [3] - Analysts suggest that if Bitcoin remains below $100,000, it could trigger more aggressive sell-offs, with a potential target price near $74,000, indicating about 30% downside from current levels [3]

Core Viewpoint - The cryptocurrency market is experiencing significant declines, with Bitcoin dropping below $87,000 for the first time since April 2025, reflecting a broader trend of selling pressure in risk assets due to changing expectations around Federal Reserve interest rate policies [1][2][5]. Market Performance - Bitcoin's price fell sharply, reaching a low of $83,786, marking an 8% drop in a single day [1]. - As of December 2, Bitcoin was priced at $86,378, down 5%, while Ethereum fell below $2,800, down 6.36% [5]. - Other cryptocurrencies like XRP, BNB, and Solana also saw declines exceeding 6% [5]. - Over the past 24 hours, more than 270,000 traders were liquidated, with total liquidations amounting to $985 million, predominantly from long positions [5]. Market Trends - Since reaching a historical high of $126,250 in early October, Bitcoin has retraced over 30% in value, erasing all gains made in 2025 [5]. - The market has been under continuous selling pressure for several weeks, indicating a shift in investor sentiment [5]. Federal Reserve Impact - The expectation for a December interest rate cut by the Federal Reserve has diminished, leading to increased pressure on risk assets, including cryptocurrencies [2][6]. - Disagreements within the Federal Reserve regarding inflation have contributed to uncertainty about future monetary policy [2][6]. Institutional Dynamics - There has been a notable shift in market participant structure, with an increase in institutional investment, suggesting that future price movements will be more influenced by fundamentals and data rather than short-term sentiment [3][6]. - Since September, large investors have sold over $20 billion in crypto assets, indicating a trend of de-leveraging among retail investors [6]. Price Projections - Analysts suggest that if Bitcoin remains below $100,000, it could trigger further sell-offs, with a potential target price near $74,000, indicating about 30% downside risk from current levels [3][6].

Core Viewpoint - The cryptocurrency market is experiencing a significant downturn, with over 270,000 individuals liquidated and nearly $1 billion in leveraged positions being forcibly closed [2][8]. Market Performance - Bitcoin's price dropped to $83,786, marking a nearly 30% decline since early October, and was reported at $86,378, down 5% on December 2 [2][3]. - Ethereum also showed weakness, falling below $2,800 with a daily decline of 6.36% [5]. - Other cryptocurrencies such as XRP, BNB, and Solana also experienced declines exceeding 6% [7]. Liquidation Data - In the past 24 hours, the total liquidation amount reached $985 million, with long positions accounting for $870 million and short positions for $110 million [8]. - Specific liquidation amounts over different time frames include $191.96 million in one hour, $44.76 million in four hours, and $410 million in twelve hours [8]. Regulatory Developments - The Japanese government is planning to adjust the taxation on cryptocurrency trading profits to a unified rate of 20%, down from a maximum of 55%, aiming to enhance market activity while ensuring investor protection [9]. Market Sentiment and Predictions - Concerns regarding low inflows into Bitcoin ETFs and a lack of low-price buyers are contributing to market volatility, with $80,000 identified as a critical support level for Bitcoin [10]. - Analyst Mike McGlone suggests that the Bitcoin-to-gold ratio may decline from 20 times to around 13 times, indicating potential pressure on Bitcoin's price relative to gold [9].

以太坊的走势也呈弱势，价格跌破2800美元/枚，日内跌6.36%。 此外，XRP、BNB、索拉纳币均跌超6%。 | 排名 币种 | | | 最新价格 | 24H涨幅 | 24H最高 | 24H最低 | 24H成交额 | 历史高/低 | 流通市值 | 总/流通数量 | 7天走势图 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | B | BTC 比特币 | $86505 ¥611746 | -4.57% | $90644 ¥641016 | $83989 ¥593953 | $929.12亿 ¥6570.53亿 | $126080 $67.81 | $1.73万亿 ¥122223.63亿 | 1995.64万 1995.64万 | 5 | | | | ETH | $2807.12 | | $3000.94 | $2724.95 | $372.45亿 | $4946.05 | $3393.79亿 | 1.21亿 | | | 2 | | 以太坊 | ¥19851 | -6.46% | ¥21222 | ¥1 ...

Core Viewpoint - The cryptocurrency market has experienced a significant downturn, with Bitcoin dropping to its lowest price since April 7, 2023, at $81,111, marking a decline of over 10% in the past 24 hours [1][3]. Market Performance - Bitcoin's price fell to $81,111, down 10.10% in the last 24 hours, with a trading volume of approximately $124.9 billion [4]. - Ethereum dropped to $2,700.42, reflecting a 10.22% decrease, with a trading volume of around $53.25 billion [4]. - Other cryptocurrencies such as Ripple, Solana, and Dogecoin also saw declines exceeding 10% [3][4]. Liquidation Data - Over 400,000 traders were liquidated in the past 24 hours, with a total liquidation amount of $1.968 billion (approximately 14 billion RMB), primarily from long positions totaling $1.83 billion [5]. - The liquidation data indicates a significant impact on the market, with $1.05 billion liquidated in the last four hours alone [5]. Global Market Impact - The cryptocurrency market's decline is part of a broader trend, with global markets also experiencing downturns due to a significant drop in U.S. stock markets [6]. - Major indices in South Korea, Japan, and Europe reported substantial losses, reflecting a collective market downturn [6]. Economic Factors - Uncertainty regarding potential interest rate cuts by the Federal Reserve has heightened concerns about Bitcoin's price stability [9]. - Strong employment data in the U.S. complicates the Fed's decision-making regarding interest rates, with expectations of three rate cuts in 2024 [9]. ETF Market Dynamics - The recent sell-off in the cryptocurrency market is attributed to retail investors liquidating their positions in Bitcoin and Ethereum ETFs, rather than native cryptocurrency traders [10]. - Approximately $4 billion has flowed out of Bitcoin and Ethereum ETFs this month, surpassing previous records [10]. Warnings from Industry Leaders - Ethereum co-founder has issued a stark warning about the potential catastrophic consequences of a sudden drop in Bitcoin prices [11].