比特幣（BTC）和以太幣（ETH）市場觀察

儘管與國際貨幣基金組織達成協議，薩爾瓦多仍透過一項雄心勃勃的計畫繼續加速其比特幣購買。

Major cryptocurrencies such as Bitcoin and Ethereum have suffered a sharp correction after the recent interest rate cut by the Federal Reserve. However, according to veteran trader Peter Brandt, the Bitcoin-gold ratio is still bullish, indicating that the current downturn may be temporary. On the other hand, analyst Justin Bennett warns that if the bulls lose momentum, there may be further declines.

近期聯準會降息後，比特幣、以太幣等主要加密貨幣大幅回檔。不過，資深交易員Peter Brandt表示，比特幣與黃金的比率仍然看漲，顯示當前的低迷可能是暫時的。另一方面，分析師賈斯汀貝內特警告說，如果多頭失去動力，可能會進一步下跌。

In terms of policy, Senator Cynthia Lummis plans to authorize the Federal Reserve to buy and hold Bitcoin, while self-proclaimed Bitcoin creator Craig Wright has been sentenced. Additionally, President Trump has pledged to establish a national strategic Bitcoin reserve, and the German Free Democratic Party is pushing for the integration of digital assets into the country's existing financial framework.

政策方面，參議員辛西婭·魯米斯(Cynthia Lummis)計劃授權美聯儲購買並持有比特幣，而自稱比特幣創造者的克雷格·賴特(Craig Wright)已被判刑。此外，川普總統已承諾建立國家戰略比特幣儲備，德國自由民主黨正在推動將數位資產納入該國現有的金融框架。

Despite the current downward trend in the market, the industry remains optimistic about the maturity of the crypto market in the next few years, as institutional investors are purchasing the equivalent of 8 years of Bitcoin issuance in 2024.

儘管目前市場呈現下行趨勢，但業界對未來幾年加密貨幣市場的成熟度仍持樂觀態度，因為機構投資者正在購買相當於 2024 年發行的 8 年比特幣。