儘管市場動盪，比特幣、以太幣仍反彈

在聯準會利率決定預期導致市場低迷後，比特幣和以太坊出現反彈。比特幣價格上漲 0.5% 至約 57,700 美元，而以太幣上漲 2.3%，交易價格略低於 3,000 美元。然而，價值 1.93 億美元的加密貨幣期貨合約在過去 24 小時內被清算，加劇了市場損失。

Bitcoin and Ethereum Resurgence Amidst Market Volatility

比特幣和以太坊在市場波動中復甦

Following a turbulent week marked by speculation surrounding the Federal Reserve's monetary policy meeting, Bitcoin and Ethereum have experienced a modest recovery.

在經歷了圍繞聯準會貨幣政策會議的猜測而動蕩的一周後，比特幣和以太坊經歷了溫和復甦。

As of writing, Bitcoin currently trades at approximately $57,700, denoting a 0.5% increase over the past 24 hours. Ethereum, having surged 2.3% within the same period, now hovers just below the $3,000 mark.

截至撰寫本文時，比特幣目前的交易價格約為 57,700 美元，在過去 24 小時內上漲了 0.5%。以太幣同期飆升 2.3%，目前徘徊在 3,000 美元大關下方。

Despite this uptick, the broader cryptocurrency market has sustained significant losses. Liquidations of crypto futures contracts worth an additional $193 million were recorded in the past day alone, exacerbating the $300 million worth of liquidations witnessed earlier this week.

儘管有所上漲，但更廣泛的加密貨幣市場仍遭受了重大損失。光是過去一天，加密貨幣期貨合約的清算額就增加了 1.93 億美元，加劇了本週稍早價值 3 億美元的清算額。

Analysts attribute the recent market turbulence to investor apprehension stemming from the Federal Reserve's decision to maintain interest rates unchanged. This outcome defied market expectations of a potential rate reduction.

分析師將近期市場動盪歸因於聯準會維持利率不變的決定導致投資者擔憂。這項結果違背了市場對可能降息的預期。

Alex Kruger, an economist, trader, and crypto analyst, has highlighted the unique dynamics of the current market cycle. Unlike previous periods, this cycle has been primarily driven by institutional interest in spot Bitcoin ETFs, which commenced trading in January 2022.

經濟學家、交易員和加密貨幣分析師亞歷克斯·克魯格（Alex Kruger）強調了當前市場週期的獨特動態。與之前的時期不同，這一周期主要是由機構對現貨比特幣 ETF 的興趣驅動的，該 ETF 於 2022 年 1 月開始交易。

"Retail participation in crypto has been minimal," Kruger observed via Twitter. "ETF buyers and experienced traders have largely dominated the market, taking on riskier positions."

克魯格透過 Twitter 觀察到：“零售業對加密貨幣的參與很少。” “ETF 買家和經驗豐富的交易員在很大程度上主導了市場，承擔了風險較高的頭寸。”

During a recent press conference, Federal Reserve Chair Jerome Powell acknowledged the challenges in curbing inflation and expressed skepticism about an imminent rate hike. However, President Joe Biden expressed optimism during a separate press conference in Japan, suggesting that a rate cut could materialize before year-end.

在最近的新聞發布會上，聯準會主席鮑威爾承認抑制通膨面臨挑戰，並對即將升息表示懷疑。然而，美國總統拜登在日本舉行的另一場新聞發布會上表達了樂觀態度，暗示降息可能會在年底前實現。

Market Context

市場背景

Bitcoin reached its all-time high of $65,000 last month but has since embarked on a downward trajectory. The recent geopolitical tensions in the Middle East have also contributed to diminishing investor interest in crypto assets.

比特幣上個月達到 65,000 美元的歷史新高，但從此開始走下坡。最近中東地緣政治緊張局勢也導致投資者對加密資產的興趣下降。

Ethereum, on the other hand, has witnessed a recent surge, buoyed by its role in the burgeoning decentralized finance (DeFi) and non-fungible token (NFT) ecosystems.

另一方面，以太坊最近經歷了飆升，得益於其在新興的去中心化金融（DeFi）和不可替代代幣（NFT）生態系統中的作用。

Conclusion

結論

While Bitcoin and Ethereum have exhibited signs of recovery, the broader cryptocurrency market remains volatile. Investors should exercise caution and carefully monitor market developments, particularly in light of the uncertainties surrounding global economic conditions and geopolitical events.

儘管比特幣和以太坊已經表現出復甦的跡象，但更廣泛的加密貨幣市場仍然不穩定。投資者應保持謹慎並密切關注市場發展，特別是考慮到全球經濟狀況和地緣政治事件的不確定性。