美國：經濟數據和情緒疲軟導致加密貨幣暴跌

在動盪的加密貨幣市場中，主要參與者比特幣、以太坊和 Bonk 都經歷了大幅下跌。 ISM 工廠指數呈正值表明，對通膨的擔憂已導致投資者因預期利率持續高企而放棄包括加密貨幣在內的投機資產。預計 2024 年 6 月不會降息，這進一步加劇了市場的負面情緒。

Cryptocurrencies Tumble Amidst Economic Data and Weakening Sentiment

加密貨幣因經濟數據和情緒疲軟而暴跌

Today's cryptocurrency market has witnessed a sharp sell-off, with major digital assets experiencing significant declines. As of 1:45 p.m. ET, the value of Bitcoin (BTC) has plummeted by 2.8%, Ethereum (ETH) has nosedived by 5.2%, and Bonk (BONK) has suffered a devastating 10.27% loss. This market downturn has been attributed to a confluence of factors, including the release of pivotal economic data and a shift in investor sentiment.

當今的加密貨幣市場出現了大幅拋售，主要數位資產均大幅下跌。截至下午 1:45截至美東時間，比特幣（BTC）價值暴跌2.8%，以太幣（ETH）暴跌5.2%，邦克（BONK）遭受毀滅性10.27%的損失。此次市場低迷是多種因素共同作用的結果，包括關鍵經濟數據的發布和投資者情緒的轉變。

Economic Indicators Dampen Cryptocurrency Rally

經濟指標抑制加密貨幣漲勢

The primary catalyst for today's crypto sell-off is the release of the Institute for Supply Management (ISM) factory index for March, which revealed a surprising improvement of 2.5% to 50.3%. A reading above 50% indicates an expanding manufacturing sector, deviating from the previous 16 months of anticipated declines.

今天加密貨幣拋售的主要催化劑是供應管理協會 (ISM) 3 月工廠指數的發布，該指數顯示出驚人的增長 2.5% 至 50.3%。高於 50% 的讀數表明製造業正在擴張，偏離了先前 16 個月的預期下降。

Investors have interpreted this data as a sign of resilience in the economy, despite the recent increase in interest rates. This perception diminishes the likelihood of the Federal Reserve cutting rates to stimulate the economy, which had been a key driver of cryptocurrency speculation in recent months.

儘管近期利率上升，但投資人仍將這項數據解讀為經濟復甦的跡象。這種看法降低了聯準會降息刺激經濟的可能性，而經濟一直是近幾個月加密貨幣投機的主要驅動力。

Bond traders have now reduced their expectations for a rate cut in June 2024 to below 50%, a significant shift from earlier in the year. This adjustment in market sentiment towards interest rates has negatively impacted cryptocurrencies, as investors unwind their bullish positions.

債券交易員現已將 2024 年 6 月降息的預期降低至 50% 以下，與今年稍早相比發生了重大轉變。隨著投資者平倉，市場情緒對利率的調整對加密貨幣產生了負面影響。

Correlation with Tech Stocks and ETFs

與科技股和 ETF 的相關性

Cryptocurrencies have exhibited a strong correlation with technology and high-growth stocks, and their recent rally has been fueled in part by the anticipation of lower interest rates. However, as the thesis of falling rates weakens, it is not surprising to witness a sell-off in digital assets.

加密貨幣與科技和高成長股表現出強烈的相關性，其近期的上漲在一定程度上是由於利率下降的預期所推動的。然而，隨著利率下降的論點減弱，數位資產遭到拋售也就不足為奇了。

The influence of Bitcoin exchange-traded funds (ETFs) has also played a role in the crypto market's trajectory. These investment vehicles have attracted billions of dollars into the industry but have recently experienced outflows. This outflow, while partially reversed later in the week, has contributed to the downturn.

比特幣交易所交易基金（ETF）的影響也在加密貨幣市場的軌跡中發揮了作用。這些投資工具吸引了數十億美元進入該行業，但最近出現了資金外流。這種資金外流雖然在本週晚些時候部分逆轉，但卻導致了經濟低迷。

Ethereum has benefited from speculation surrounding the potential approval of ETFs for the asset in the coming months. However, such approvals are uncertain in the current regulatory landscape. Without this catalyst, Ethereum's value may face downward pressure.

以太坊受益於圍繞未來幾個月該資產 ETF 可能獲得批准的猜測。然而，在當前的監管環境下，此類批准存在不確定性。如果沒有這種催化劑，以太坊的價值可能會面臨下行壓力。

Bonk Mirrors Market Sentiment

邦克反映了市場情緒

Bonk, a meme coin that has emerged as a Dogecoin alternative, has followed the broader market sentiment today. Its speculative nature and lack of inherent value have made it susceptible to market swings.

Bonk 是一種迷因幣，作為狗狗幣的替代品而出現，它跟隨了當今更廣泛的市場情緒。其投機性質和缺乏內在價值使其容易受到市場波動的影響。

Outlook for Cryptocurrencies

加密貨幣的展望

The major catalysts that fueled the crypto market's rally in 2024 are now largely behind us. Bitcoin's ETFs have boosted awareness and investment, while speculation based on interest rates has been overdone. This leaves the market driven by fundamentals, which may not provide a favorable environment for digital assets.

推動 2024 年加密貨幣市場上漲的主要催化劑現在基本上已經過去了。比特幣 ETF 提高了人們的意識和投資，而基於利率的投機則有些過頭了。這使得市場受到基本面的驅動，這可能不會為數位資產提供有利的環境。

Bitcoin's status as "digital gold" may lend it some value, but its speculative nature remains a dominant factor. Ethereum's promise of real-world use cases in finance and digital assets has been hampered by its slow and expensive nature, allowing other blockchains to gain traction.

比特幣作為「數位黃金」的地位可能會為它帶來一些價值，但其投機性質仍然是一個主導因素。以太坊對金融和數位資產現實世界用例的承諾因其緩慢且昂貴的性質而受到阻礙，這使得其他區塊鏈獲得了吸引力。

Bonk's meme-driven rise may have provided a brief surge, but its trajectory remains uncertain. Without a clear catalyst, all three cryptocurrencies are at risk of further decline in the coming months as investors seek more fundamental value in the market.

邦克由迷因驅動的崛起可能帶來了短暫的飆升，但其軌跡仍然不確定。如果沒有明確的催化劑，隨著投資者在市場上尋求更基本的價值，這三種加密貨幣在未來幾個月都面臨進一步下跌的風險。