比特幣市場在減半和地緣政治中表現出彈性

儘管最近發生了減半事件，但截至格林威治標準時間週一下午，比特幣價格仍穩定在 66,300 美元。 Zodia Markets 的 Mick Roche 表示，伊朗和以色列之間的地緣政治緊張局勢對市場的影響比減半更為嚴重。專家指出，比特幣與更廣泛的股票市場的相關性正在增強，監管發展和零售交易活動等因素影響其價格趨勢。

Bitcoin Market Exhibits Resilience Amidst Halving Event and Geopolitical Developments

比特幣市場在減半事件和地緣政治發展中表現出彈性

London, February 14, 2023 (GMT) - The cryptocurrency market witnessed a relatively subdued impact from the scheduled Bitcoin halving event on Monday, February 13th. As of 1415 GMT, Bitcoin (BTC) traded at $66,300, showing a modest increase of 1.2% since the previous week's close and a 3.4% gain on Monday. This subdued performance defies the initial market expectations that the halving, a pre-programmed event that occurs every four years and reduces the supply of new Bitcoins entering the market, would lead to significant price volatility.

倫敦，2023 年 2 月 14 日（格林威治標準時間）—2 月 13 日星期一預定的比特幣減半事件對加密貨幣市場的影響相對較小。截至格林威治標準時間 1415，比特幣 (BTC) 交易價格為 66,300 美元，自上週收盤以來小幅上漲 1.2%，週一上漲 3.4%。這種低迷的表現違背了市場最初的預期，即每四年發生一次的預編程事件減半會減少進入市場的新比特幣的供應，從而導致價格大幅波動。

Market analysts attribute the lack of pronounced impact from the halving primarily to the overshadowing influence of geopolitical events, particularly the recent easing of tensions between Iran and Israel. "The unfolding geopolitical landscape is exerting a more significant influence on the market than the halving event itself," observed Mick Roche, Senior Trader at Zodia Markets, the cryptocurrency arm of Standard Chartered.

市場分析師將減半沒有產生明顯影響主要歸因於地緣政治事件的壓倒性影響，特別是最近伊朗和以色列之間緊張局勢的緩和。渣打銀行加密貨幣部門 Zodia Markets 的高級交易員米克·羅奇 (Mick Roche) 表示：“不斷發展的地緣政治格局對市場的影響比減半事件本身更重要。”

Meanwhile, global stock markets exhibited a recovery on Monday, as investors cautiously reversed their defensive positions taken amidst fears of a larger Middle East conflict. Eric Demuth, CEO of Austrian cryptocurrency broker Bitpanda, highlighted the growing correlation between Bitcoin and the broader market sentiment, noting the absence of discernible retail trading patterns specific to the halving event. "Cryptocurrencies are becoming increasingly intertwined with traditional financial markets," he remarked.

與此同時，全球股市週一出現復甦，投資者因擔心中東衝突加劇而謹慎地扭轉了防禦立場。奧地利加密貨幣經紀商 Bitpanda 執行長 Eric Demuth 強調了比特幣與更廣泛市場情緒之間日益增強的相關性，並指出，減半事件缺乏明顯的零售交易模式。 「加密貨幣與傳統金融市場的聯繫越來越緊密，」他表示。

Last year, the excitement surrounding the potential approval of spot Bitcoin exchange-traded funds (ETFs) in the United States played a significant role in Bitcoin's recovery from a series of market downturns in 2022. Ben Laidler, Global Markets Strategist at eToro, believes that the focus for Bitcoin now lies in its "institutionalization." While retail investors currently dominate Bitcoin trading, Laidler anticipates that future regulatory changes could pave the way for companies, banks, and central banks to acquire and hold Bitcoin.

去年，圍繞著美國現貨比特幣交易所交易基金（ETF）可能獲得批准的興奮情緒，在比特幣從 2022 年一系列市場低迷中復甦的過程中發揮了重要作用。比特幣現在的重點在於它的「制度化」。雖然散戶目前主導比特幣交易，但萊德勒預計未來的監管變化可能為公司、銀行和央行收購和持有比特幣鋪平道路。

Moreover, the combined value of all cryptocurrencies remains a relatively niche asset class, hovering around $2.5 trillion, according to data from CoinGecko. Regulators have consistently cautioned investors about the speculative and volatile nature of cryptocurrencies, emphasizing their limited practical applications.

此外，根據 CoinGecko 的數據，所有加密貨幣的總價值仍然是一個相對小眾的資產類別，徘徊在 2.5 兆美元左右。監管機構一直警告投資人注意加密貨幣的投機性和波動性，並強調其實際應用有限。

As the cryptocurrency market continues to evolve, investors are keeping a close eye on the U.S. Securities and Exchange Commission (SEC) for potential approval of spot ETFs for Ether (ETH), the second-largest cryptocurrency. However, both Demuth and Roche expressed skepticism that such approvals may materialize in the near future. "The hopes for May are diminishing," Demuth acknowledged.

隨著加密貨幣市場的不斷發展，投資者正在密切關注美國證券交易委員會 (SEC) 是否可能批准第二大加密貨幣以太幣 (ETH) 的現貨 ETF。然而，德穆斯和羅氏都對此類批准在不久的將來能否實現表示懷疑。 「對五月的希望正在減弱，」德穆斯承認。