花旗：AI热潮削弱美股对利率上升的敏感度，标普500估值已高于合理区间

【花旗：AI热潮削弱美股对利率上升的敏感度，标普500估值已高于合理区间】金色财经报道，10月18日，据智通财经报道，花旗分析师认为，人工智能推动的盈利增长及投资者持股结构变化，正在削弱美债收益率与美股估值之间的传统联系，利率上升对经济增长预期的影响可能比对股票估值更大。该机构的估值模型显示，标普500指数合理市盈率区间为17.1至22.1倍，而当前市盈率已达22.4倍，反映市场情绪偏乐观。花旗指出，自8月底以来，周期股和防御性股票受到利率上升拖累，但成长股因AI盈利预期支撑表现相对坚挺。此外，近期美债收益率上涨可能部分源于政府债券供应增加，而非经济过热。养老金制度向固定缴款型转变、年轻投资者偏好高股票配置及海外资金持续流入，也在支撑美股估值。不过，花旗认为，当前市场面临的关键问题是未来还有哪些新增资金能够继续推动股市上涨。(2026-10-18 14:52:17)

排名	#	交易平台	24H成交额	成交涨跌幅	活跃度
1	OKX 欧易OKX	$180.02亿	-11.43%	86.7%	86.7%
2	HTX 火币huobi	$26.05亿	0.44%	68.6%	68.6%
3	Binance 币安网	$402.27亿	-8.39%	85.4%	85.4%
4	Coinbase Coinbase	$9.13亿	-15.52%	69.3%	69.3%
5	Bybit Bybit	$109.50亿	-6.56%	65.3%	65.3%
6	Crypto.com Crypto.com	$12.56亿	-8.16%	53.3%	53.3%
7	Bitfinex Bitfinex	$2.06亿	19.32%	65.3%	65.3%
8	Kraken K网(Kraken)	$7.26亿	-9%	68.4%	68.4%
9	Upbit Upbit	$2.74亿	-21.45%	56.9%	56.9%
10	Bitget Bitget	$71.95亿	0.5%	71.1%	71.1%
11	Deribit Deribit	$4.31亿	5.24%	36.2%	36.2%
12	Gemini 双子星（Gemini）	$3,104.84万	-17.93%	59.5%	59.5%
13	BiKing 币王	$222.50亿	-0.43%	31%	31%
14	MEXC MEXC	$108.63亿	1.27%	76.2%	76.2%
15	Bithumb Bithumb	$1.43亿	-9.43%	66.9%	66.9%
16	gate.io 大门	$105.84亿	-12.5%	55.2%	55.2%
17	BitTap 币泰	$11.48亿	-6.55%	26%	26%
18	Hyperliquid Hyperliquid	$15.84亿	26.32%	46.9%	46.9%
19	Uniswap v3 (Base) Uniswap v3 (Base)	$1.12亿	-10.51%	31.5%	31.5%
20	bitFlyer bitFlyer	$1,678.33万	-21.52%	58.2%	58.2%

排名	#	币种	最新价	24H最高	24H最低	24H量	流通市值	24H涨跌幅
1	BTC 比特币	$ 78106.5	$7.82万	$7.73万	$2.49亿	$1.56兆	0.89%	0.89%
2	ETH 以太坊	$ 2270.69	$2,277.76	$2,243.06	$1.65亿	$2,740.58亿	1.14%	1.14%
3	XRP 瑞波币	$ 1.2515	$1.26	$1.25	$2,044.78万	$762.38亿	0.25%	0.25%
4	BNB 币安币	$ 712	$715.90	$701.80	$952.51万	$970.88亿	1.35%	1.35%
5	USDC USD Coin	$ 1.00097	$1.00	$1.00	$3,404.58万	$707.83亿	0.01%	0.01%
6	SOL Solana	$ 95.48	$96.38	$95.19	$5,956.94万	$540.94亿	0.02%	0.02%
7	TRX 波场	$ 0.311	$0.32	$0.30	$6,831.52万	$294.57亿	-2.07%	-2.07%
8	DOGE 狗狗币	$ 0.07571	$0.08	$0.08	$1,015.75万	$127.36亿	0.81%	0.81%
9	BCH 比特现金	$ 283.36	$293.06	$281.74	$213.00万	$56.61亿	-1.54%	-1.54%
10	HYPE Hyperliquid	$ 88.02	$88.74	$86.31	$4,209.65万	$298.69亿	0.92%	0.92%
11	ADA 艾达币	$ 0.19381	$0.19	$0.19	$184.39万	$69.68亿	0.52%	0.52%
12	WBTC Wrapped Bitcoin	$ 77980.1	$7.83万	$7.74万	$1.56万	$100.53亿	0.49%	0.49%
13	LEO UNUS SED LEO	$ 9.427	$9.43	$9.14	$1.31万	$86.89亿	0.19%	0.19%
14	LINK ChainLink	$ 11.71	$11.95	$11.43	$2,657.69万	$79.41亿	2.11%	2.11%
15	XLM 恒星币	$ 0.16898	$0.17	$0.17	$176.79万	$54.77亿	0.03%	0.03%
16	LTC 莱特币	$ 55.89	$56.42	$54.78	$266.81万	$42.88亿	1.67%	1.67%
17	HBAR Hedera Hashgraph	$ 0.07188	$0.07	$0.07	$132.66万	$30.76亿	-0.6%	-0.6%
18	ZEC 大零币	$ 1248.33	$1,290.41	$1,239.18	$3,301.25万	$205.68亿	-1.51%	-1.51%
19	AVAX Avalanche	$ 8.839	$9.04	$8.41	$1,753.17万	$38.03亿	4.96%	4.96%
20	SHIB Shiba Inu	$ 0.000004697	$0.00	$0.00	$50.68万	$27.68亿	-0.36%	-0.36%
21	SUI Sui	$ 0.905	$0.91	$0.89	$701.09万	$34.32亿	0.74%	0.74%
22	CRO Cronos	$ 0.05156	$0.05	$0.05	$8.52万	$19.90亿	-0.09%	-0.09%
23	WLFI worldlibertyfinancial-education	$ 0.05006	$0.05	$0.05	$24.03万	$13.39亿	-0.29%	-0.29%
24	UNI Uniswap	$ 7.232	$7.30	$6.93	$1,527.13万	$45.94亿	3.8%	3.8%
25	DOT 波卡币	$ 0.9529	$0.96	$0.94	$38.41万	$15.75亿	-0.35%	-0.35%
26	MNT Mantle	$ 0.4754	$0.48	$0.47	$6.33万	$15.46亿	-0.2%	-0.2%
27	PAXG PAX Gold	$ 3898.4	$3,902.14	$3,893.31	$35.10万	$14.85亿	0.04%	0.04%
28	ASTER Aster	$ 0.7014	$0.71	$0.69	$177.13万	$17.50亿	1.43%	1.43%
29	AAVE Aave	$ 136.59	$140.95	$131.70	$934.30万	$20.92亿	3.37%	3.37%
30	HTX HTX	$ 0.0000015296	$0.00	$0.00	$1.38万	$15.30亿	-3.98%	-3.98%
31	TAO Bittensor	$ 237.65	$239.03	$234.13	$119.97万	$25.11亿	0.84%	0.84%
32	OKB OK币	$ 111.2	$111.44	$110.03	$20.03万	$23.35亿	0.87%	0.87%
33	PEPE Pepe	$ 0.00000498	$0.00	$0.00	$2,789.90万	$20.95亿	0.04%	0.04%
34	ETC 以太经典	$ 7.172	$7.18	$7.08	$21.72万	$11.12亿	0.95%	0.95%
35	NEAR NEAR Protocol	$ 4.397	$4.56	$4.31	$5,723.75万	$56.48亿	1.82%	1.82%
36	ICP Internet Computer(Dfinity)	$ 2.513	$2.53	$2.48	$60.46万	$13.73亿	0.88%	0.88%
37	PI Pi Network	$ 0.07762	$0.08	$0.08	$28.36万	$6.51亿	-0.84%	-0.84%
38	WLD Worldcoin	$ 0.3994	$0.41	$0.39	$477.83万	$10.81亿	0.65%	0.65%
39	ATOM 阿童木	$ 1.479	$1.52	$1.47	$7.75万	$7.20亿	-2.56%	-2.56%
40	FDUSD First Digital USD	$ 0.9984	$1.00	$1.00	$135.19万	$9.82亿	-0.03%	-0.03%
41	ENA Ethena	$ 0.1878	$0.19	$0.19	$1,542.65万	$14.94亿	-1.52%	-1.52%
42	USDD USDD	$ 0.9977	$1.00	$1.00	$831.89	$8.53亿	-0.01%	-0.01%
43	KAS Kaspa	$ 0.0335	$0.03	$0.03	$59.56万	$9.08亿	2.47%	2.47%
44	QNT Quant	$ 200.16	$208.30	$195.47	$152.39万	$24.16亿	2.31%	2.31%
45	ALGO Algorand	$ 0.09516	$0.10	$0.09	$6.18万	$8.41亿	0.11%	0.11%
46	FLR Flare	$ 0.006088	$0.01	$0.01	$4.76万	$5.03亿	1.06%	1.06%
47	XDC XDC Network	$ 0.03133	$0.03	$0.03	$12.25万	$5.98亿	0.48%	0.48%
48	APT Aptos	$ 0.6339	$0.64	$0.63	$90.71万	$4.76亿	-0.17%	-0.17%

花旗：AI热潮削弱美股对利率上升的敏感度，标普500估值已高于合理区间

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