比特幣（BTC）價格前景拖累加密貨幣股票下跌

自從七個月前達到歷史新高 73,750 美元以來，比特幣陷入了同樣的從持平到下跌的價格通道。

Bitcoin (CRYPTO: BTC) lost steam in recent days, dragging crypto stocks down with it.

比特幣（CRYPTO：BTC）最近幾天失去動力，拖累加密貨幣股票下跌。

What Happened: Bitcoin has been trading in a flat-to-down price channel since hitting a record high of $73,750 seven months ago.

發生了什麼：自七個月前觸及 73,750 美元的歷史新高以來，比特幣一直在從持平到下跌的價格通道中交易。

The last time Bitcoin approached the $70,000 level was in late July. After a few days, Bitcoin crashed to less than $52,000.

比特幣上次接近 7 萬美元水準是在 7 月底。幾天后，比特幣跌至不到 52,000 美元。

At the time of writing, BTC’s price was $67,137, down 2.05% in the last 24 hours. Bitcoin’s recent price action showed a substantial decline from previous records.

截至撰寫本文時，BTC 價格為 67,137 美元，過去 24 小時內下跌 2.05%。比特幣最近的價格走勢較先前的記錄大幅下跌。

In the current cycle, BTC rose to as high as $69,499, with some analysts even predicting the price to reach $70,655.

在本週期中，BTC最高升至69,499美元，一些分析師甚至預測價格將達到70,655美元。

The ripple effect of Bitcoin’s price drop hit crypto stocks hard. In the last 24 hours, crypto stocks such as Coinbase (NASDAQ:COIN), MicroStrategy (NASDAQ:MSTR) and others recorded a decrease in price.

比特幣價格下跌的連鎖反應嚴重打擊了加密貨幣股票。在過去 24 小時內，Coinbase（納斯達克股票代碼：COIN）、MicroStrategy（納斯達克股票代碼：MSTR）等加密股票價格出現下跌。

While COIN lost 4.6% of its value, MSTR dropped by 2.4% in just 24 hours.

COIN 的價值下跌了 4.6%，而 MSTR 在短短 24 小時內下跌了 2.4%。

Other crypto stocks that were affected by Bitcoin’s decreasing price include Bitfarms (NASDAQ:BITF), Riot Platforms (NASDAQ:RIOT), Hut 8 Corp (NASDAQ:HUT) and Marathon Digital (NASDAQ:MARA).

其他受比特幣價格下跌影響的加密股票包括Bitfarms (納斯達克股票代碼：BITF)、Riot Platforms (納斯達克股票代碼：RIOT)、Hut 8 Corp (納斯達克股票代碼：HUT) 和Marathon Digital (納斯達克股票代碼：MARA)。

Bitfarms was down by 2.5%, Riot by 4%, HUT by 3.2% and MARA by 5%.

Bitfarms 下跌 2.5%，Riot 下跌 4%，HUT 下跌 3.2%，MARA 下跌 5%。

See More: Best Cryptocurrency Scanners

看更多：最佳加密貨幣掃描儀

Cryptos Today: According to current market data, the global crypto market plunged by 1.93% to $2.32 trillion.

今日加密貨幣：根據當前市場數據，全球加密貨幣市場暴跌 1.93% 至 2.32 兆美元。

From a broader market perspective, top assets such as Ethereum (CRYPTO: ETH), Cardano (CRYPTO: ADA) and BNB showed a muted outlook.

從更廣泛的市場角度來看，以太坊（加密貨幣：ETH）、卡爾達諾（加密貨幣：ADA）和 BNB 等頂級資產前景黯淡。

One exception was Solana (CRYPTO: SOL), which recorded a 3.7% gain to $165, although it remained below its $170 peak over the weekend.

Solana（加密貨幣代碼：SOL）是一個例外，該股上漲 3.7%，至 165 美元，但仍低於週末 170 美元的峰值。

Possible catalysts for today's market movements include a sharp increase in interest rates across Western economies.

今天市場走勢的可能催化劑包括西方經濟體利率的急劇上升。

Specifically, the US 10-Year Treasury yield and the German 10-Year Bund yield both rose by 10 basis points.

具體來說，美國10年期公債殖利率和德國10年期公債殖利率均上漲10個基點。

Generally, crypto prices are impacted by the same directional sentiment that influences retail stock investors.

一般來說，加密貨幣價格受到影響散戶股票投資者的相同方向情緒的影響。

When rates increase, mainly due to monetary tightening to combat inflation, the cost of capital tends to rise.

當利率上升（主要是由於貨幣緊縮以對抗通貨膨脹）時，資本成本往往會上升。

As a result, risk assets like Bitcoin lose their appeal, leading to a decrease in their value as rates continue to climb.

結果，像比特幣這樣的風險資產失去了吸引力，導致其價值隨著利率持續攀升而下降。

Esperanza on Catalysts to Watch: Whales, ETF Boost

埃斯佩蘭薩談值得關注的催化劑：鯨魚、ETF 提振

In the unfolding market trend, key catalysts could determine the future trajectory of Bitcoin's price.

在不斷發展的市場趨勢中，關鍵催化劑可能決定比特幣價格的未來軌跡。

The first pertains to the actions of Bitcoin whales.

第一個與比特幣鯨魚的行為有關。

On Sunday, Oct. 20, Whale Alert reported a dormant whale making its first transaction in 13.4 years.

10 月 20 日星期日，Whale Alert 報道稱，一頭休眠鯨魚進行了 13.4 年來的首次交易。

When old BTC whales re-emerge, it is typically considered a bearish sign that could precede a sell-off in the market.

當舊的比特幣鯨魚重新出現時，通常被認為是市場拋售之前的看跌訊號。

The logic follows that old holders are resurfacing to cash out on their holdings. Many market participants believe that if more Bitcoin whale addresses continue to emerge, it could lead to further downside for Bitcoin.

其邏輯是，老持有者正在重新露面以套現其持有的股票。許多市場參與者認為，如果更多的比特幣鯨魚地址繼續出現，可能會導致比特幣進一步下跌。

Another factor to watch is the performance of US spot Bitcoin Exchange-Traded Funds (ETFs).

另一個值得關注的因素是美國現貨比特幣交易所交易基金（ETF）的表現。

Bitcoin ETFs recorded an impressive $20.66 billion in net inflows between Oct. 1 and 17. This recent surge in inflows indicates that Bitcoin continues to be a hot topic among institutional players.

10 月 1 日至 17 日期間，比特幣 ETF 錄得令人印象深刻的 206.6 億美元淨流入。

If this trend continues, we could see BTC price attempt to reclaim its previous highs or even move higher.

如果這種趨勢持續下去，我們可能會看到比特幣價格試圖恢復先前的高點，甚至走高。