在中國的打擊下，美國加密貨幣市場趨於穩定

儘管有報導稱中國監管機構對比特幣進行了打擊，但加密貨幣市場仍未受到影響。交易員認為，這些行動對於代幣未來的成功是次要的，而且可能是暫時的。儘管中國交易所已自願停止比特幣和人民幣之間的交易，政府可能會進一步幹預，但比特幣在過去一周仍上漲了 0.72%。

Cryptocurrency Market Unfazed by Chinese Regulatory Crackdown

加密貨幣市場並未受到中國監管打壓的影響

New York, NY: Despite reports of a regulatory crackdown on bitcoin by Chinese authorities, the cryptocurrency market remains largely unperturbed.

紐約州紐約：儘管有報導稱中國當局對比特幣進行了監管打擊，但加密貨幣市場基本上並未受到干擾。

On September 14, news emerged that Chinese regulators were demanding exchanges to cease bitcoin trading, triggering an initial sell-off that briefly pushed the price of bitcoin below $3,000 for the first time in over a month. However, within hours, bitcoin had recouped most of its losses.

9 月 14 日，有消息稱，中國監管機構要求交易所停止比特幣交易，引發了最初的拋售，比特幣價格在一個多月以來首次短暫跌破 3000 美元。然而，在幾個小時內，比特幣就收復了大部分損失。

Since then, several of China's largest cryptocurrency exchanges, including OKCoin and Huobi, have announced their plans to voluntarily halt bitcoin-yuan trading. Furthermore, reports of additional government interventions have surfaced.

此後，包括OKCoin和Huobi在內的中國幾家最大的加密貨幣交易所已宣布計劃自願停止比特幣人民幣交易。此外，有關政府額外幹預的報導也浮出水面。

Despite these developments, bitcoin has gained nearly 0.72% over the past week, as investors and traders appear to be disregarding the recent headlines as peripheral to the long-term prospects of the digital currency.

儘管取得了這些進展，比特幣在過去一周還是上漲了近 0.72%，因為投資者和交易者似乎忽略了最近的頭條新聞，認為這些新聞與數位貨幣的長期前景無關。

Traders Dismiss Concerns

交易員消除擔憂

Josh Olszwicz, a bitcoin trader, explained to Business Insider that the markets are overlooking the news from China because it has no bearing on the underlying blockchain technology of bitcoin.

比特幣交易員 Josh Olszwicz 向 Business Insider 解釋說，市場忽視了來自中國的消息，因為它與比特幣的底層區塊鏈技術無關。

"If it doesn't affect the protocol, then it's not a real problem," Olszwicz emphasized. "The bitcoin cash shakeup was much more worrisome from my perspective, but even then the core bitcoin protocol remained unaffected."

「如果它不影響協議，那麼這不是一個真正的問題，」奧爾茲維茨強調。 “從我的角度來看，比特幣現金的重組更加令人擔憂，但即便如此，核心的比特幣協議仍然沒有受到影響。”

Olszwicz's comments underscore the growing belief that the success of cryptocurrencies is not contingent on regulatory approval or support from any particular country.

Olszwicz 的評論強調了人們日益相信加密貨幣的成功並不取決於任何特定國家的監管批准或支持。

"Countries can try and ban bitcoin all they want, but people will still use it if they need and want to - the protocol doesn't need government acceptance," Olszwicz stated.

Olszwicz 表示：“各國可以隨心所欲地嘗試禁止比特幣，但如果他們需要並且想要的話，人們仍然會使用它——該協議不需要政府的認可。”

Temporary Regulatory Reaction

臨時監管反應

Sebastian Quinn-Watson, of Blockchain Global, a bitcoin exchange operator, views the crackdown as a temporary response to the explosive growth of the cryptocurrency market this year.

比特幣交易業者 Blockchain Global 的 Sebastian Quinn-Watson 認為，這次打擊行動是對今年加密貨幣市場爆炸性成長的臨時反應。

Quinn-Watson believes that regulators were alarmed by the proliferation of initial coin offerings (ICOs), which have raised over $2 billion this year, and felt compelled to intervene to prevent a potential market crash. On September 4, Chinese regulators declared ICOs illegal.

Quinn-Watson 認為，監管機構對今年籌集了超過 20 億美元的首次代幣發行 (ICO) 的激增感到震驚，並感到有必要進行幹預，以防止潛在的市場崩盤。 9 月 4 日，中國監管機構宣布 ICO 非法。

"By stepping in so dramatically and not allowing what would have been an almost inevitable crash in the crypto market, the regulators acted to ensure that investors did not irrevocably lose trust," Quinn-Watson said.

Quinn-Watson 表示：“透過如此戲劇性的介入，不允許加密貨幣市場發生幾乎不可避免的崩盤，監管機構採取行動確保投資者不會不可挽回地失去信任。”

Quinn-Watson, who has had extensive discussions with regulators, anticipates a gradual shift in the regulatory stance.

奎因-沃森與監管機構進行了廣泛討論，他預計監管立場將逐漸轉變。

"We do not see this halt as being long term," Quinn-Watson emphasized. "Innovation is a significant pillar of China's economic growth plan. Fintech as a subset of innovation is a very important part of this pillar. Blockchain is an important part of this mix. The PBOC has teams of developers building out use cases for blockchain."

奎因-沃森強調：“我們認為這種停止不會是長期的。” 「創新是中國經濟成長計畫的重要支柱。金融科技作為創新的一個子集，是這一支柱的重要組成部分。區塊鏈是這一組合的重要組成部分。中國人民銀行擁有開發區塊鏈用例的開發團隊。

Quinn-Watson disclosed that regulators are considering allowing companies to conduct ICOs through a government-supervised pilot program.

Quinn-Watson 透露，監管機構正在考慮允許公司透過政府監督的試點計畫進行 ICO。

China's Declining Influence

中國影響力下降

Another factor contributing to the muted market reaction is the declining dominance of China in the cryptocurrency market. According to data from CoinDesk, bitcoin trading volume against the Chinese yuan has plummeted from nearly 90% at the end of 2016 to around 10-20% for much of 2017.

導致市場反應冷淡的另一個因素是中國在加密貨幣市場的主導地位下降。根據 CoinDesk 的數據，比特幣兌人民幣的交易量已從 2016 年底的近 90% 驟降至 2017 年大部分時間的 10-20% 左右。

"Many traders felt that China is becoming less of a market leader for bitcoin trading," Greg Dwyer, head of business development at BitMEX, a bitcoin mercantile exchange, told Business Insider.

比特幣商品交易所 BitMEX 的業務開發主管 Greg Dwyer 告訴《商業內幕》：“許多交易者認為，中國在比特幣交易方面的市場領導地位正在減弱。”

Dwyer pointed to the recent milestone achieved by BitMEX, which traded over $1 billion in notional value in a single day, as evidence of the strong market demand for bitcoin.

Dwyer 指出 BitMEX 最近實現的里程碑，單日交易額超過 10 億美元，證明了市場對比特幣的強勁需求。

Differing Perspectives

不同的觀點

Despite the optimism expressed by Quinn-Watson and others, not all experts share their view. Jim Stent, author of "China's Banking Transformation," believes that China's crackdown is permanent.

儘管奎因-沃森和其他人表達了樂觀態度，但並非所有專家都同意他們的觀點。 《中國銀行業轉型》一書的作者吉姆‧史坦特認為，中國的打壓是永久性的。

"I see the crackdown on bitcoin as part of this larger multi-agency program to reduce financial sector risk, which will unfold over months and probably years," Stent said. "I do not see risk reduction as something temporary, nor do I see the bitcoin crackdown as temporary."

斯坦特表示：“我認為對比特幣的打擊是這個旨在降低金融部門風險的大型多機構計劃的一部分，該計劃將在數月甚至數年內展開。” “我不認為降低風險是暫時的，也不認為對比特幣的打擊是暫時的。”

Conclusion

結論

The cryptocurrency market's resilience in the face of Chinese regulatory measures highlights the growing maturity and diversification of the industry. While regulatory uncertainty will likely continue to create volatility in the short term, the long-term prospects for cryptocurrencies remain promising.

面對中國監管措施，加密貨幣市場的彈性凸顯了該行業日益成熟的多樣性。儘管監管的不確定性可能會在短期內繼續造成波動，但加密貨幣的長期前景仍然充滿希望。