比特幣減半引發波動並引發市場投機

2024 年 4 月 19 日，比特幣經歷了第四次減半，礦工的區塊獎勵減少了一半。這起重大事件大約每四年發生一次，歷史上曾影響過市場投機和波動。儘管減半，比特幣的價格仍然相對穩定，專家對該資產的通貨緊縮機制所帶來的長期上漲壓力表示樂觀。減半也導致交易費用激增，用戶花費超過 240 萬美元來確保減半區塊內的交易。

Bitcoin Halving: Historical Event Triggers Market Volatility and Speculation

比特幣減半：歷史事件引發市場波動與投機

On April 19, 2024, Bitcoin underwent its fourth halving, a landmark event that reduced the block reward for miners by half, from 6.25 BTC to 3.125 BTC. This reduction in supply has historically had significant implications for the cryptocurrency market.

2024 年 4 月 19 日，比特幣經歷了第四次減半，這是一個具有里程碑意義的事件，礦工的區塊獎勵減少了一半，從 6.25 BTC 降至 3.125 BTC。從歷史上看，供應量的減少對加密貨幣市場產生了重大影響。

Market Speculation and Volatility Surge

市場投機和波動激增

"Less than 48 hours since the halving, we are witnessing a critical moment in the cryptocurrency market," said Ryan Lee, Chief Analyst at Bitget Research. "Historically, halving events have spurred intense market speculation and volatility, as the event regulates Bitcoin's supply."

Bitget Research 首席分析師 Ryan Lee 表示：“減半後不到 48 小時，我們正在見證加密貨幣市場的關鍵時刻。” “從歷史上看，減半事件刺激了激烈的市場投機和波動，因為該事件調節了比特幣的供應。”

Industry experts believe that the reduced supply could drive long-term upward pressure on Bitcoin's price due to its built-in deflationary mechanism.

產業專家認為，由於比特幣內建的通貨緊縮機制，供應減少可能會對比特幣價格造成長期上行壓力。

Surge in Transaction Fees and Market Corrections

交易費用激增和市場調整

The halving coincided with a surge in transaction fees, as users competed for limited block space. The halving block itself witnessed a record-high fee of 37.6 BTC, equivalent to over $2.4 million.

減半恰逢交易費用激增，因為用戶爭奪有限的區塊空間。減半區塊本身的費用達到創紀錄的 37.6 BTC，相當於超過 240 萬美元。

Recent market corrections have also presented challenges for investors, but analysts predict significant opportunities ahead. "The investment logic remains sound, with a focus on BTC ETF fund flows in the short term, stablecoin market value in the medium term, and the Federal Reserve's Monetary Policy in the long term," added Lee.

最近的市場調整也給投資者帶來了挑戰，但分析師預測未來將存在重大機會。 Lee補充說：“投資邏輯仍然健全，短期關注BTC ETF資金流向，中期關注穩定幣市值，長期關注美聯儲貨幣政策。”

Impact on Bitcoin Miners

對比特幣礦工的影響

The immediate impact of the halving is felt primarily by Bitcoin miners, whose profitability is affected by the reduction in block rewards. This could lead to changes in the cryptocurrency mining industry.

減半的直接影響主要是比特幣礦工，他們的獲利能力受到區塊獎勵減少的影響。這可能會導致加密貨幣挖礦行業發生變化。

Bitcoin Price Remains Stable

比特幣價格維持穩定

Despite the significant event, the price of Bitcoin remained relatively stable at around $64,000, trading above the $65,000 mark. This could indicate the market's anticipation of the potential long-term benefits of the reduced supply.

儘管發生了重大事件，比特幣的價格仍相對穩定在 64,000 美元左右，交易價格高於 65,000 美元大關。這可能表明市場對供應減少的潛在長期利益的預期。

Industry Reactions

業界反應

"The halving event's consequences will extend beyond Bitcoin's price, representing an important turning point in the ecosystem," said Shivam Thakral, CEO of BuyUcoin. "Indian investors are closely monitoring the situation, as Bitcoin's gains and substantial market capitalization solidify its significance as an investment vehicle."

BuyUcoin 執行長 Shivam Thakral 表示：“減半事件的影響將超出比特幣的價格，這代表著生態系統的一個重要轉折點。” “印度投資者正在密切關注事態發展，因為比特幣的上漲和巨大的市值鞏固了其作為投資工具的重要性。”

Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, commented on the market trends: "The overall crypto M.Cap. is slightly below $2.5 trillion, with BTC's MVRV ratio falling below its 90-day average, suggesting a potential buying opportunity for investors. Whales have also accumulated a significant amount of BTC recently."

CoinSwitch Ventures 投資主管 Parth Chaturvedi 對市場趨勢發表評論：「整體加密貨幣 M.Cap. 略低於 2.5 兆美元，BTC 的 MVRV 比率低於 90 天平均水平，這表明投資者存在潛在的買入機會。最近也累積了大量的比特幣。

Historical Trends and Future Expectations

歷史趨勢與未來預期

Historically, Bitcoin has rallied post halving. However, the relationship between halving events and price appreciation is not always straightforward and can be influenced by other market factors.

從歷史上看，比特幣在減半後反彈。然而，減半事件與價格上漲之間的關係並不總是直接的，可能會受到其他市場因素的影響。

As the cryptocurrency market observes the aftermath of the Bitcoin Halving 2024, only time will tell if the historical trends will continue and what impact it will have on the broader market.

隨著加密貨幣市場觀察 2024 年比特幣減半的後果，只有時間才能證明歷史趨勢是否會持續以及它將對更廣泛的市場產生什麼影響。