加密貨幣市場反彈：比特幣飆升，山寨幣也加入漲勢

週四，加密貨幣市場出現復甦，比特幣在經歷了幾天的停滯後飆升至 69,000 美元以上。此次反彈與現貨 BTC ETF 的資金流入增加相一致，抵消了近期的資金流出。然而，在聯準會主席表示可能暫停降息後，股市在收盤時面臨壓力。黃金在創歷史新高後出現下跌趨勢，而比特幣波動性仍然很高，分析師警告稱，由於即將到來的減半和機構需求的增加，市場可能會出現波動。

Crypto Market Rebounds: Bitcoin Surges, Alts Follow

加密貨幣市場反彈：比特幣飆升，另類貨幣緊隨其後

The crypto market witnessed a significant recovery on Thursday, with Bitcoin (BTC) propelling back above $69,000 after hovering around $66,000 for the past three days. The rally is attributed to an uptick in spot BTC ETF inflows, which had experienced five consecutive days of outflows.

週四，加密貨幣市場出現顯著復甦，比特幣 (BTC) 在過去三天徘徊在 66,000 美元附近後，重新回到 69,000 美元上方。此次上漲歸因於現貨 BTC ETF 流入量的增加，該流入量已連續五天流出。

Stocks initially opened higher and maintained their positive momentum for much of the day. However, late afternoon saw a drop in stock prices after Neel Kashkari, President of the Minnesota Fed, suggested that the Fed might not reduce interest rates at all this year if inflation persists.

股市最初開盤走高，並在當天大部分時間保持積極勢頭。然而，在下午晚些時候，明尼蘇達州聯邦儲備銀行主席尼爾卡什卡里表示，如果通膨持續存在，聯準會今年可能根本不會降息，導致股價下跌。

Investors are eagerly anticipating Friday's March jobs report for insights into the Fed's next move, as the report holds significant weight in the central bank's data-driven monetary policy.

投資者熱切期待週五的三月就業報告，以了解聯準會的下一步行動，因為該報告在聯準會數據驅動的貨幣政策中佔有重要地位。

By market close, the S&P 500, Dow, and Nasdaq had all declined by 1.23%, 1.35%, and 1.40%, respectively. The yield on the U.S. 10-year Treasury note, which had spiked to 4.43% yesterday, fell 2.77% on Thursday, settling at 4.305%. Gold also trended lower, having reached a record high of $2,305.63 earlier in the trading session, but has since retreated from that peak, currently trading at $2,285, a 0.9% drop from the high.

截至收盤，標普 500 指數、道瓊指數和那斯達克指數均分別下跌 1.23%、1.35% 和 1.40%。美國10年期公債殖利率昨天飆升至4.43%，週四下跌2.77%，收在4.305%。黃金也走低，在交易時段早些時候觸及歷史高點 2,305.63 美元，但此後已從該峰值回落，目前交易價格為 2,285 美元，較高點下跌 0.9%。

Rising Bitcoin Volatility

比特幣波動性上升

TradingView data indicates that Bitcoin initiated the day with a dip to $65,070, but subsequently reversed course, climbing to a high of $69,370, reflecting a 6.62% turnaround. At the time of writing, BTC trades at $67,820, marking a 3.1% increase over the past 24 hours.

TradingView 數據顯示，比特幣當天開盤下跌至 65,070 美元，但隨後逆轉，攀升至 69,370 美元高點，漲幅為 6.62%。截至撰寫本文時，BTC 交易價格為 67,820 美元，在過去 24 小時內上漲了 3.1%。

Market analyst Bloodgood cautions traders to be wary of another potential "fakeout" for Bitcoin. He observes that while Bitcoin's price surge on Thursday drew positive reactions, a higher low and lower high have formed on the daily timeframe, suggesting the formation of a symmetrical triangle. Bloodgood advises traders to wait for the weekly candle to close before reaching any firm conclusions.

市場分析師布拉德古德警告交易者警惕比特幣的另一個潛在「假象」。他觀察到，雖然比特幣週四的價格飆升引起了積極反應，但日線圖上已經形成了更高的低點和更低的高點，這表明對稱三角形的形成。布拉德古德建議交易者等待每週蠟燭圖收盤後再得出任何確定的結論。

With the Bitcoin halving approximately 16 days away, Bloodgood anticipates significant volatility and emphasizes the potential irrelevance of technical levels during such periods. He highlights the importance of holding the $68,000 level for continuation and expects bulls to fiercely defend it.

距離比特幣減半還有大約 16 天，Bloodgood 預計將大幅波動，並強調在此期間技術水平可能不相關。他強調了維持 68,000 美元水平的重要性，並預計多頭將大力捍衛這一水平。

Bloodgood emphasizes the significance of conviction in navigating the crypto market, citing Multicoin Capital's recent annual investor letter as an example. The firm reported a 9,000% return for their crypto hedge fund since its inception in 2017, including a 500% gain in 2023 alone. However, their 91.4% drawdown in 2022 serves as a stark reminder of the inherent volatility of crypto.

Bloodgood 引用 Multicoin Capital 最近的年度投資人信件為例，強調了信念在加密貨幣市場中的重要性。該公司報告稱，自 2017 年成立以來，其加密貨幣對沖基金的回報率為 9,000%，其中僅 2023 年就實現了 500% 的回報。然而，他們在 2022 年的 91.4% 的回撤清楚地提醒人們加密貨幣固有的波動性。

Growing Interest in Bitcoin

人們對比特幣的興趣日益濃厚

Despite the recent lull in Bitcoin price and ETF inflows, Zach Bruch, founder and CEO of MyPrize, maintains that "Interest in Bitcoin is continuously growing – from institutions and asset managers entering the space to countries putting Bitcoin on their balance sheets." He anticipates that demand will surge further post-halving.

儘管最近比特幣價格和ETF 資金流入平靜，但MyPrize 創始人兼首席執行官 Zach Bruch 堅稱，「從進入該領域的機構和資產管理公司到將比特幣納入資產負債表的國家，人們對比特幣的興趣正在持續增長。”他預計減半後需求將進一步激增。

Bruch attributes the anticipated price increase after the halving to supply and demand dynamics. The reduction in mining rewards will decrease daily Bitcoin supply and alleviate sell pressure from miners. Consequently, combined with elevated demand from institutions and others entering the market, Bruch anticipates price appreciation, as has historically been observed following halvings. He also suggests that Bitcoin miner stocks may benefit during this market cycle.

布魯赫將減半後預期的價格上漲歸因於供需動態。挖礦獎勵的減少將減少比特幣的每日供應量並減輕礦工的拋售壓力。因此，加上機構和其他進入市場的需求增加，布魯赫預計價格會上漲，正如歷史上減半後所觀察到的。他也表示，比特幣礦商股票可能會在這個市場週期中受益。

Alts Back on the Uptrend

Alt 重返上升趨勢

Altcoins generally experienced an uptrend on Thursday, with the majority of tokens in the top 200 posting gains. Aragon (ANT) emerged as the top performer, rising by 43.2%. Pendle (PENDLE) followed closely with a 37.6% gain, while Nervos Network (CKB) advanced by 15.4%. The newly introduced meme coin 'cat in a dogs world' (MEW) suffered the greatest loss, dropping by 19.7%. Wormhole (W) declined by 18.9%, and Core (CORE) fell by 17%.

週四，山寨幣普遍呈上升趨勢，前 200 名中的大多數代幣都出現上漲。 Aragon (ANT) 成為表現最好的股票，上漲 43.2%。 Pendle (PENDLE) 緊隨其後，上漲 37.6%，Nervos Network (CKB) 上漲 15.4%。新推出的迷因幣「貓狗世界」（MEW）損失最大，下跌了 19.7%。蟲洞（W）下跌18.9%，核心（CORE）下跌17%。

The total cryptocurrency market capitalization currently stands at $2.57 trillion, with Bitcoin maintaining a dominance rate of 52.6%.

目前加密貨幣總市值為2.57兆美元，其中比特幣維持52.6%的主導​​地位。