全球不確定性導致加密貨幣暴跌

受傳統市場負面情緒和地緣政治緊張局勢的推動，包括比特幣(BTC) 和以太坊(ETH) 在內的加密貨幣在4 月12 日星期五經歷了大幅下跌。小的加密貨幣則面臨15-20 美元的更嚴重損失。此次經濟衰退恰逢美國股市下跌、國債和美元飆升以及對中東衝突擴大的擔憂。

Bitcoin and Cryptocurrencies Plunge Amidst Mounting Global Uncertainties

全球不確定性加劇，比特幣和加密貨幣暴跌

On Friday, April 12th, the cryptocurrency market witnessed a significant downturn as both Bitcoin (BTC) and other digital assets experienced sharp declines. This sell-off was primarily attributed to negative sentiment spilling over from traditional markets, amplified by heightened geopolitical tensions.

4 月 12 日星期五，加密貨幣市場出現大幅下滑，比特幣（BTC）和其他數位資產都大幅下跌。這次拋售主要歸因於傳統市場溢出的負面情緒，而地緣政治緊張局勢加劇又加劇了負面情緒。

Bitcoin Slides Below $66,000

比特幣跌破 66,000 美元

During the U.S. trading session, Bitcoin underwent a swift sell-off, dropping below $66,000 after briefly touching $71,000 earlier in the day. At the time of reporting, Bitcoin had recovered slightly to $66,700, still representing a decline of over 5% in the past 24 hours.

在美國交易時段，比特幣經歷了迅速拋售，在當天早些時候短暫觸及 71,000 美元後跌破 66,000 美元。截至報告發佈時，比特幣已小幅回升至 66,700 美元，但過去 24 小時內仍下跌超過 5%。

Ethereum and Smaller Cryptos Suffer Hefty Losses

以太幣和較小的加密貨幣遭受重大損失

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, faced a significant setback, falling by up to 12% to $3,100. However, a subsequent recovery reduced the loss to 8%. Smaller cryptocurrencies, such as those included in the CoinDesk 20 Index, experienced even steeper declines, with the index dropping by nearly 10%. Notable examples include Cardano's ADA, Avalanche's AVAX, Bitcoin Cash (BCH), Filecoin (FIL), and Aptos (APT), which all saw sharp drops ranging from 15-20%.

市值第二大加密貨幣以太幣 (ETH) 遭遇重大挫折，跌幅高達 12%，至 3,100 美元。然而，隨後的復甦將損失減少至 8%。較小的加密貨幣，例如 CoinDesk 20 指數中包含的加密貨幣，跌幅甚至更大，該指數下跌了近 10%。著名的例子包括 Cardano 的 ADA、Avalanche 的 AVAX、比特幣現金 (BCH)、Filecoin (FIL) 和 Aptos (APT)，這些貨幣的跌幅均在 15-20% 之間。

Leverage Liquidation Event Wipes Out $850 Million

槓桿清算事件損失了 8.5 億美元

The market downturn triggered a substantial leverage liquidation event, with approximately $850 million worth of leveraged derivatives positions across all cryptocurrencies being wiped out, according to data from CoinGlass. Notably, $770 million of these liquidated positions were long positions that anticipated price increases but were swiftly liquidated due to the abrupt market drop.

CoinGlass 的數據顯示，市場低迷引發了大規模的槓桿清算事件，所有加密貨幣中價值約 8.5 億美元的槓桿衍生性商品部位被清空。值得注意的是，其中 7.7 億美元的清算頭寸是多頭頭寸，預計價格上漲，但由於市場突然下跌而迅速清算。

External Factors Drive Market Sentiment

外在因素驅動市場情緒

The market downturn coincided with a decline in U.S. stock markets. This decline was fueled by escalating concerns of an expanding conflict in the Middle East following warnings from U.S. officials that Iran might be preparing a significant attack on Israel.

市場低迷與美國股市下跌同時發生。在美國官員警告伊朗可能準備對以色列發動重大攻擊之後，人們對中東衝突不斷擴大的擔憂加劇，加劇了這一下降。

This risky scenario prompted traders to seek out protective investments, leading to a surge in Treasury bonds and the U.S. dollar index (DXY). Major U.S. stock indices, such as the S&P 500 and Nasdaq 100, declined by 1.7% shortly before market close. Gold, traditionally known as a safe-haven asset, initially reached a new record high above $2,400 before reducing its gains, while oil prices edged up by 1%.

這種風險情境促使交易者尋求保護性投資，導致國債和美元指數（DXY）飆升。標準普爾 500 指數和那斯達克 100 等美國主要股指在收盤前不久下跌 1.7%。傳統上被稱為避險資產的黃金最初觸及2,400美元上方的新紀錄高位，隨後漲幅回落，而油價小幅上漲1%。

Long-Term Optimism Amidst Short-Term Volatility

短期波動中的長期樂觀

In a commentary released on Friday, the digital asset investment firm Ryze Labs expressed its anticipation of some "short-term market softness" for cryptocurrencies during the upcoming tax season in the United States. Despite this near-term caution, Ryze Labs remains optimistic about the long-term prospects for cryptocurrencies. The firm projects that a slowdown in quantitative tightening and potential adjustments in monetary policy to support U.S. government debt rollovers will provide some relief to the asset class.

在周五發布的評論中，數位資產投資公司 Ryze Labs 表示，預計美國即將到來的納稅季期間加密貨幣將出現「短期市場疲軟」。儘管近期持謹慎態度，Ryze Labs 仍然對加密貨幣的長期前景持樂觀態度。該公司預計，數量緊縮的放緩以及支持美國政府債務展期的貨幣政策的潛在調整將為該資產類別帶來一定的緩解。

Bitcoin Halving Anticipated to Stabilize Price

比特幣減半可望穩定價格

Most halving predictions suggest that Bitcoin is poised to rebound to the $70,000 mark. The recent decline may represent a temporary setback before more significant market activity resumes. Bitcoin is expected to reach new record highs this month following the halving, easing current concerns about its stability.

大多數減半預測表明，比特幣預計將反彈至 70,000 美元大關。最近的下跌可能代表在更重要的市場活動恢復之前的暫時挫折。減半後，比特幣預計本月將創下新高，緩解當前對其穩定性的擔憂。

Implications for Precious Metals

對貴金屬的影響

The upcoming Bitcoin halving is expected to impact not only the cryptocurrency market but also the precious metals market. As Bitcoin gains popularity, the investment allure of gold may diminish, as investors increasingly perceive Bitcoin as a superior investment option. This makes the upcoming halving event particularly significant in shaping alternatives to the U.S. dollar.

即將到來的比特幣減半預計不僅會影響加密貨幣市場，還會影響貴金屬市場。隨著比特幣越來越受歡迎，黃金的投資吸引力可能會減弱，因為投資者越來越認為比特幣是更好的投資選擇。這使得即將到來的減半事件對於塑造美元的替代品尤其重要。