比特幣市場因聯準會的不確定性和預期供應減少而波動

由於聯準會貨幣政策決定的不確定性，比特幣（BTC）市場本週經歷了大幅波動。儘管早些時候存在擔憂，但聯準會主席鮑威爾最近的言論表明今年稍後可能會降息，這可能會對比特幣價格產生積極影響。然而，加密市場也預計中國將發生「重大」地震和即將到來的比特幣減半，這兩者都可能影響比特幣的價格。

Bitcoin Market Swings Amid Fed Uncertainty and Anticipation of Supply Reduction

比特幣市場在聯準會的不確定性和供應減少的預期中波動

The Bitcoin (BTC) market has experienced significant volatility this week as traders speculate on the Federal Reserve's upcoming decisions regarding interest rates. While the cryptocurrency has rebounded towards $70,000 per coin, concerns linger over the potential impact of monetary policy adjustments.

由於交易員猜測聯準會即將做出的利率決定，比特幣（BTC）市場本週經歷了大幅波動。儘管加密貨幣已反彈至每枚 7 萬美元，但人們仍對貨幣政策調整的潛在影響感到擔憂。

In a recent statement, Federal Reserve Chair Jerome Powell signaled the possibility of an interest rate cut later this year, a move that has sparked mixed reactions in the financial markets. Some analysts believe that a rate cut would stimulate risk appetite and boost demand for alternative investments like Bitcoin.

聯準會主席鮑威爾在最近的聲明中暗示了今年稍後降息的可能性，此舉在金融市場引發了不同的反應。一些分析師認為，降息將刺激風險偏好並提振對比特幣等另類投資的需求。

However, others caution that persistent inflationary pressures could lead the Fed to delay or reconsider rate cuts. Russ Mould, investment director at brokerage AJ Bell, noted that Powell's comments acknowledged both the risk of inflationary pressures and the likelihood of a rate cut at some point this year.

然而，其他人警告稱，持續的通膨壓力可能導緻聯準會推遲或重新考慮降息。券商AJ Bell投資總監Russ Mould指出，鮑威爾的言論承認了通膨壓力的風險以及今年某個時候降息的可能性。

According to Louis Navellier, founder of Navellier & Associates, the Bitcoin market is currently in a holding pattern, awaiting clarity on interest rate movements. He observed that Bitcoin has struggled to maintain its previous highs and has declined in conjunction with interest rate increases.

Navellier & Associates 創辦人 Louis Navellier 表示，比特幣市場目前處於觀望狀態，等待利率走勢的明朗。他觀察到，比特幣一直難以維持先前的高點，並隨著利率的上升而下跌。

Analysts at Deutsche Bank have predicted that a June Fed interest rate cut would enhance risk tolerance and market liquidity, potentially driving demand for higher-yielding assets such as cryptocurrencies. They posit that declining treasury yields could prompt investors to seek alternative investments, including cryptocurrencies.

德意志銀行分析師預測，聯準會六月降息將增強風險承受能力和市場流動性，可能推動對加密貨幣等高收益資產的需求。他們認為，國債殖利率下降可能會促使投資者尋求其他投資，包括加密貨幣。

Meanwhile, Bitcoin is rapidly approaching its next halving event, scheduled for April 22. This preprogrammed supply reduction will decrease the number of new Bitcoin issued to miners from 6.25 Bitcoin per block to 3.125 Bitcoin per block.

同時，比特幣正迅速接近定於4 月22 日舉行的下一次減半事件。這種預先設定的供應減少將使發行給礦工的新比特幣數量從每塊6.25 比特幣減少到每塊3.125 比特幣。

Historically, Bitcoin's price has experienced upward momentum in the months following previous halving events. Ruslan Lienkha, chief of markets at YouHodler, believes the halving will serve as a fundamental support for Bitcoin's price.

從歷史上看，比特幣的價格在先前減半事件發生後的幾個月內經歷了上漲勢頭。 YouHodler 市場主管 Ruslan Lienkha 認為，減半將為比特幣價格提供基本支撐。

"The halving is a very strong pro-growth factor for the Bitcoin price, and has already been partly in the price, but there is still high potential for further growth in the long term," Lienkha stated.

Lienkha 表示：“減半對比特幣價格來說是一個非常強大的促進成長因素，並且已經部分反映在價格中，但從長遠來看，進一步增長的潛力仍然很大。”

He explained that rising mining costs could prompt some miners to cease operations when prices decline, which would lead to a decrease in supply and support Bitcoin's price.

他解釋說，採礦成本上升可能會促使一些礦商在價格下跌時停止運營，這將導致供應減少並支撐比特幣的價格。

In addition to the Fed's monetary policy and the upcoming halving, the Bitcoin market is also monitoring developments in China. Recent news of a potential China earthquake has raised concerns about the impact on the country's cryptocurrency industry.

除了聯準會的貨幣政策和即將到來的減半之外，比特幣市場也在關注中國的發展。最近有關中國可能發生地震的消息引發了人們對該國加密貨幣產業影響的擔憂。

Overall, the Bitcoin market is navigating a period of uncertainty and anticipation. Traders are balancing the potential impact of interest rate adjustments with the bullish implications of the halving event. While volatility is expected in the short term, long-term investors remain optimistic about the cryptocurrency's future prospects.

總體而言，比特幣市場正在經歷一個充滿不確定性和預期的時期。交易員正在平衡利率調整的潛在影響與減半事件的看漲影響。儘管短期內預計會出現波動，但長期投資者仍對加密貨幣的未來前景持樂觀態度。