減半前比特幣徘徊在 6.5 萬美元附近；聯準會的立場降低了風險偏好

受 2.9% 小幅上漲的提振，比特幣週三徘徊在 64,269.5 美元附近。由於美國利率預期上升，避險情緒揮之不去，令加密貨幣市場面臨壓力。即將到來的比特幣減半旨在減少新代幣的供應，由於交易員預計價格可能會上漲，因此引起了人們的注意。主席鮑威爾重申長期較高的利率給加密貨幣市場蒙上了陰影，而加密貨幣市場往往在低利率環境下表現更好。

Bitcoin Hovers Near $65K as Halving Event Looms, Fed Stance Dampens Risk Sentiment

隨著減半事件臨近，比特幣徘徊在 6.5 萬美元附近，聯準會立場抑制風險情緒

The world's largest cryptocurrency, Bitcoin, has edged slightly higher on Wednesday, continuing to fluctuate within a narrow trading range that has characterized the past month. However, risk sentiment remains fragile as concerns over the Federal Reserve's continued hawkish stance and persistent geopolitical tensions weigh on the market.

全球最大的加密貨幣比特幣週三小幅走高，繼續在過去一個月的狹窄交易區間內波動。然而，由於對聯準會持續強硬立場的擔憂以及持續的地緣政治緊張局勢給市場帶來壓力，風險情緒仍然脆弱。

The strength of the U.S. dollar has been a headwind for cryptocurrency markets in recent sessions, particularly following the release of strong inflation and retail sales data, which have strengthened the Federal Reserve's resolve to maintain elevated interest rates. Fed Chair Jerome Powell's comments on Tuesday further reinforced this notion, indicating that the central bank is in no rush to begin cutting rates.

最近幾個交易日，美元走強一直是加密貨幣市場的阻力，特別是在強勁的通膨和零售銷售數據發布之後，這些數據增強了聯準會維持高利率的決心。聯準會主席鮑威爾週二的言論進一步強化了這一觀點，表明央行並不急於開始降息。

Amid ongoing geopolitical tensions in the Middle East, the lack of risk appetite has kept traders largely cautious, while the demand for safe-haven assets and expectations of higher interest rates have pushed the dollar to its highest levels in over five months.

在中東地緣政治局勢持續緊張的情況下，風險偏好的缺乏使得交易員基本上保持謹慎態度，而對避險資產的需求和利率上升的預期則將美元推升至五個多月以來的最高水平。

At the time of writing (01:15 ET), Bitcoin is trading at $64,269.5, having gained approximately 2.9% over the past 24 hours. The token has been trapped in a trough between $60,000 and $70,000 since mid-March, after reaching a record high above $73,000.

截至本文撰寫時（美國東部時間 01:15），比特幣交易價格為 64,269.5 美元，在過去 24 小時內上漲了約 2.9%。自 3 月中旬以來，該代幣在觸及 73,000 美元以上的歷史高點後，一直陷入 60,000 美元至 70,000 美元之間的低谷。

Bitcoin Halving Event Takes Center Stage

比特幣減半事件成為焦點

Attention has now shifted to the upcoming Bitcoin halving event, which is anticipated to occur within the next few days with the generation of block number 840,000 on the Bitcoin blockchain. This event will reduce the rate at which new bitcoins are mined by half and is widely believed to reinforce the argument that the scarcity of the token will drive up its value.

現在註意力已經轉移到即將到來的比特幣減半事件，預計該事件將在未來幾天內發生，並在比特幣區塊鏈上產生編號為 840,000 的區塊。這一事件將使新比特幣的開採速度降低一半，並被廣泛認為強化了代幣稀缺性將推高其價值的論點。

While traders anticipate the halving to stimulate some gains in Bitcoin, it is worth noting that previous halving events have often resulted in limited near-term price increases.

儘管交易員預計減半將刺激比特幣上漲，但值得注意的是，先前的減半事件往往導致近期價格上漲有限。

Fed Chair Powell Reiterates Hawkish Stance

聯準會主席鮑威爾重申鷹派立場

In a speech delivered on Tuesday, Fed Chair Jerome Powell emphasized that persistent inflation has made the central bank reluctant to start lowering interest rates. His comments have prompted traders to further scale back their expectations for an interest rate cut in June.

聯準會主席鮑威爾在周二發表的演說中強調，持續的通膨使得央行不願開始降息。他的言論促使交易員進一步降低了 6 月降息的預期。

According to the CME Fedwatch tool, markets now assign a less than 18% probability to a 25 basis point cut in June and an approximately 80% likelihood that the Fed will keep rates unchanged. This represents a significant shift from earlier expectations that a June rate cut was likely.

根據 CME Fedwatch 工具，市場目前認為 6 月降息 25 個基點的可能性不到 18%，而聯準會維持利率不變的可能性約為 80%。這與先前六月可能降息的預期發生了重大轉變。

The prospect of higher interest rates for an extended period bodes poorly for cryptocurrency markets, which generally thrive in a low-rate, high-liquidity environment.

長期利率上升的前景對加密貨幣市場來說是一個不好的兆頭，因為加密貨幣市場通常在低利率、高流動性的環境中蓬勃發展。

Altcoins See Modest Gains, But Mood Remains Subdued

山寨幣小幅上漲，但市場情緒依然低迷

Broader cryptocurrency prices have also risen on Wednesday, with Ethereum, the second-largest cryptocurrency by market capitalization, gaining 2.8% to trade at $3,110.40. Solana has surged by 7%, while XRP has remained relatively flat.

週三，更廣泛的加密貨幣價格也有所上漲，市值第二大加密貨幣以太幣上漲 2.8%，交易價格為 3,110.40 美元。 Solana 飆升了 7%，而 XRP 則保持相對穩定。

However, all three tokens have recently suffered losses, primarily due to the negative impact of higher-for-longer U.S. interest rates. Market sentiment remains subdued as the geopolitical tensions between Iran and Israel continue to escalate, fostering fears of further market volatility.

然而，這三種代幣最近都遭受了損失，主要是由於美國利率長期走高的負面影響。由於伊朗和以色列之間的地緣政治緊張局勢持續升級，市場情緒仍然低迷，引發了對市場進一步波動的擔憂。