在聯準會收緊政策和監管擔憂的背景下，比特幣持續低迷

週一，由於美國長期高利率，加密貨幣的悲觀情緒持續存在，比特幣價格進一步下跌。存款信託與清算公司（DTCC）改變了抵押品監管，為加密貨幣帶來了額外的挑戰。最近的 PCE 價格指數數據表明，對利率上升和持續通膨的擔憂嚴重影響了比特幣的價值。包括以太坊、XRP 和 Solana 在內的主要山寨幣也出現下跌，加密貨幣市場與科技股上漲的相關性有限。

Bitcoin's Decline Continues Amidst Tightening Monetary Policy and Regulatory Headwinds

在貨幣政策收緊和監管不利的情況下，比特幣繼續下跌

The cryptocurrency market remained under pressure on Monday as Bitcoin (BTC) extended its losses. The token has been facing persistent headwinds in recent weeks, primarily driven by a shift in Federal Reserve (Fed) policy and regulatory concerns.

由於比特幣（BTC）擴大跌幅，週一加密貨幣市場仍面臨壓力。最近幾週，該代幣一直面臨持續的阻力，主要是由於聯準會（Fed）政策和監管擔憂的轉變。

DTCC's Collateral Changes Dent Crypto's Appeal

DTCC 的抵押品變化削弱了加密貨幣的吸引力

A significant blow to crypto came from the Depository Trust & Clearing Corporation (DTCC), a major financial services provider. DTCC announced that it will no longer accept Bitcoin and other cryptocurrencies as collateral for exchange-traded funds and other investment vehicles. This move, effective April 30th, significantly dampens the appeal of crypto, which has traditionally served as a primary vehicle for speculative activity.

對加密貨幣的重大打擊來自主要金融服務提供者存款信託與清算公司（DTCC）。 DTCC 宣布將不再接受比特幣和其他加密貨幣作為交易所交易基金和其他投資工具的抵押品。這項舉措於 4 月 30 日生效，顯著削弱了加密貨幣的吸引力，而加密貨幣傳統上一直是投機活動的主要工具。

Hawkish Fed Policy Weighs on Crypto

聯準會鷹派政策打壓加密貨幣

The DTCC decision further compounded Bitcoin's downward trajectory, which was already suffering from the weight of higher-for-longer U.S. interest rates. Cryptocurrencies have typically thrived in a low-rate, high-liquidity environment, which the Fed's monetary tightening efforts are reversing.

DTCC 的決定進一步加劇了比特幣的下行軌跡，比特幣已經受到美國長期較高利率的影響。加密貨幣通常在低利率、高流動性的環境中蓬勃發展，而聯準會的貨幣緊縮措施正在扭轉這種環境。

Hotter-than-expected inflation data, as measured by the Fed's preferred Personal Consumption Expenditures (PCE) price index, has further pressured crypto markets. Sticky inflation has left the Fed little room to ease rates, as evidenced by recent inflation readings.

以聯準會首選的個人消費支出（PCE）物價指數衡量的通膨數據高於預期，進一步對加密貨幣市場造成壓力。最近的通膨數據證明，黏性通膨讓聯準會幾乎沒有降息的空間。

Market Awaits Fed Meeting for Rate Cues

市場等待聯準會會議尋求利率線索

All eyes are now on the upcoming Fed meeting later this week, where the central bank is widely expected to keep rates unchanged. However, the market will be closely watching for any signals on the future path of interest rates. The Fed is currently anticipated to begin cutting rates by September or in the fourth quarter.

現在所有人的目光都集中在本週稍後即將舉行的聯準會會議上，人們普遍預期聯準會將維持利率不變。然而，市場將密切關注未來利率走勢的任何訊號。目前預計聯準會將在 9 月或第四季開始降息。

Altcoins Follow Bitcoin's Downward Trend

山寨幣跟隨比特幣的下跌趨勢

Major altcoins echoed Bitcoin's losses, mirroring the broader market sentiment. Ethereum (ETH), the world's second-largest cryptocurrency, dropped 3.4% to $3,202.01. XRP and Solana lost 3% and 4.5%, respectively.

主要山寨幣與比特幣的下跌相呼應，反映了更廣泛的市場情緒。全球第二大加密貨幣以太幣 (ETH) 下跌 3.4%，至 3,202.01 美元。 XRP 和 Solana 分別下跌 3% 和 4.5%。

Tech Stock Gains Offer Little Support

科技股上漲幾乎沒有提供支撐

Despite strong earnings reports from tech titans Microsoft and Alphabet (Google's parent company), crypto prices found little support. The correlation between crypto and tech stocks has somewhat weakened in recent months, with cryptocurrencies showing limited upside from tech stock gains. Instead, the risk-off sentiment in the tech sector has amplified the downward pressure on crypto in recent sessions.

儘管科技巨頭微軟和 Alphabet（Google的母公司）發布了強勁的獲利報告，但加密貨幣價格幾乎沒有得到支持。近幾個月來，加密貨幣與科技股之間的相關性有所減弱，加密貨幣從科技股上漲中獲得的上漲空間有限。相反，科技業的避險情緒在最近幾個交易日放大了加密貨幣的下行壓力。

Conclusion

結論

The cryptocurrency market remains under duress as sentiment towards cryptocurrencies remains negative. The DTCC's collateral changes, combined with the Fed's hawkish policy stance, are creating significant headwinds for the industry. The market will continue to monitor the Fed's actions closely for any indication of a shift in monetary policy, while the impact of the DTCC's decision on crypto adoption and speculation remains to be seen.

由於人們對加密貨幣的情緒仍然消極，加密貨幣市場仍然面臨壓力。 DTCC 抵押品的變化，加上聯準會的強硬政策立場，正在為該行業帶來巨大的阻力。市場將繼續密切關注聯準會的行動，以尋找任何貨幣政策轉變的跡象，而 DTCC 的決定對加密貨幣採用和投機的影響仍有待觀察。