比特幣在不確定的水域中航行，受到利率和 ETF 熱情的影響

週三，由於隔夜美元下跌暫時緩解了比特幣的價值。然而，由於對利率上升的持續擔憂以及對 ETF 的興趣減弱，該代幣一直保持在一個多月以來的交易區間內。

Bitcoin Navigates Uncertain Waters Amid Interest Rate Jitters and ETF Enthusiasm

在利率波動和 ETF 熱情的影響下，比特幣在不確定的水域中航行

Bitcoin's price experienced a modest uptick on Wednesday, as a slight retreat in the value of the U.S. dollar provided temporary relief. However, the cryptocurrency remained confined within a trading range that has persisted for over a month, primarily due to persistent fears of higher interest rates and diminished excitement surrounding exchange-traded funds (ETFs).

週三，比特幣價格小幅上漲，美元小幅回落暫時緩解了這一情況。然而，加密貨幣仍被限制在一個多月以來的交易區間內，這主要是由於對利率上升的持續擔憂以及對交易所交易基金（ETF）的興奮感減弱。

By 11:54 GMT (14:54 Kiev time), Bitcoin had ascended by 0.6% over the preceding 24-hour period, trading at $66,469.5. Since reaching an all-time high of over $73,000 in early March, the cryptocurrency has predominantly fluctuated within a narrow range of $60,000 to $70,000.

截至格林威治標準時間 11:54（基輔時間 14:54），比特幣在前 24 小時內上漲了 0.6%，交易價格為 66,469.5 美元。自 3 月初達到超過 73,000 美元的歷史高點以來，該加密貨幣主要在 60,000 美元至 70,000 美元的窄幅區間內波動。

Despite the sharp surge in tech stocks that Bitcoin typically tracks during this week, the world's largest cryptocurrency experienced limited gains. Furthermore, the halving event that occurred over the weekend, reducing mining fees by 50%, had a negligible impact on Bitcoin's price. Similarly, the launch of the Runes protocol, which generated a flurry of activity on the network and drove transaction fees to record highs, also yielded only minor price fluctuations.

儘管本週比特幣通常追蹤的科技股大幅上漲，但全球最大的加密貨幣的漲幅有限。此外，週末發生的減半事件使挖礦費用降低了50%，對比特幣價格的影響可以忽略不計。同樣，符文協議的推出在網路上引發了一系列活動，並將交易費用推向歷史新高，但也只產生了輕微的價格波動。

The cryptocurrency market as a whole exhibited subdued price movements on Wednesday, weighed down by ongoing concerns about persistently high and potentially long-term interest rates in the United States. While Ethereum gained 3.1%, XRP and Solana posted modest increases of 0.05% and 3%, respectively.

週三，由於對美國持續高利率和潛在長期利率的持續擔憂，加密貨幣市場整體價格走勢疲軟。以太坊上漲 3.1%，XRP 和 Solana 分別小漲 0.05% 和 3%。

The initial optimism that pervaded the cryptocurrency market during the first quarter of 2024 stemmed from expectations that the U.S. Federal Reserve would soon implement interest rate cuts. However, such optimism dissipated in April, as robust inflation figures and aggressive signals from the Fed led traders to recalibrate their expectations for a rate cut in June.

2024 年第一季加密貨幣市場最初的樂觀情緒源於對聯準會將很快實施降息的預期。然而，這種樂觀情緒在 4 月消散，因為強勁的通膨數據和聯準會發出的積極信號導致交易員重新調整了對 6 月降息的預期。

Higher interest rates sustained over an extended period are not favorable for cryptocurrencies, as the sector generally thrives on the elevated speculation fostered by low interest rates and abundant liquidity. With this in mind, market participants will be closely monitoring upcoming economic data releases from the U.S., which will likely shape the outlook for interest rates. Key data points to watch include first-quarter GDP data, due Thursday, and the personal consumption expenditures (PCE) index, a measure of inflation preferred by the Fed, due Friday.

長期持續較高的利率不利於加密貨幣，因為該行業通常依靠低利率和充裕的流動性引發的投機活動而蓬勃發展。考慮到這一點，市場參與者將密切關注美國即將發布的經濟數據，這可能會影響利率前景。值得關注的關鍵數據包括週四公佈的第一季GDP數據，以及週五公佈的個人消費支出（PCE）指數（聯準會首選的通膨指標）。

Notwithstanding the headwinds posed by interest rate concerns, the cryptocurrency market continues to attract attention due to the potential for increased ETF adoption. However, it remains uncertain whether ETFs will become the catalyst that propels Bitcoin to new heights or whether they will introduce new risks and complexities into the cryptocurrency ecosystem.

儘管存在利率擔憂的阻力，但由於 ETF 採用率增加的潛力，加密貨幣市場繼續引起關注。然而，ETF是否會成為將比特幣推向新高度的催化劑，或者是否會為加密貨幣生態系統帶來新的風險和複雜性，目前仍不確定。