儘管比特幣走強，但數位資產投資市場因宏觀經濟變化而出現波動

歐洲領先數位資產投資公司CoinShares最新週報顯示，數位資產投資市場大幅波動。

The latest weekly report from CoinShares, a leading European digital asset investment firm, reveals that the digital asset investment market experienced significant fluctuations.

歐洲領先數位資產投資公司CoinShares最新週報顯示，數位資產投資市場大幅波動。

Despite an overall inflow of $48 million into crypto funds, the report sheds light on a more complex picture shaped by macroeconomic factors and evolving investor sentiment.

儘管總共有 4,800 萬美元流入加密貨幣基金，但該報告揭示了宏觀經濟因素和不斷變化的投資者情緒所塑造的更複雜的情況。

Volatile Fund Flows Amid Macroeconomic Shifts

宏觀經濟變化導致資金流動不穩定

The week began with optimism, as nearly $1 billion flowed into digital asset investment products. However, the tide quickly turned when new macroeconomic data and the minutes from the US Federal Reserve’s meeting caused a sharp downturn.

本週開始，市場一片樂觀，近 10 億美元流入數位資產投資產品。然而，當新的宏觀經濟數據和聯準會會議紀要導致經濟急劇下滑時，情況很快就發生了逆轉。

James Butterfill, Head of Research at CoinShares, noted that these developments led to a dramatic $940 million in outflows in the latter half of the week. Butterfill pointed to the end of the “post-US election honeymoon,” explaining that macroeconomic conditions are once again playing a major role in asset price movements.

CoinShares 研究主管 James Butterfill 指出，這些事態發展導致本週後半週出現 9.4 億美元的資金外流。巴特菲爾指出「美國大選後蜜月」的結束，並解釋宏觀經濟狀況再次在資產價格走勢中發揮重要作用。

Bitcoin Remains Strong While Ethereum Faces Headwinds

比特幣保持強勁，而以太坊面臨阻力

Bitcoin emerged as the dominant player in the digital asset space, attracting $214 million in inflows, solidifying its position as the “best-performing asset” for the year-to-date. With cumulative inflows totaling $799 million, Bitcoin continues to draw investor interest despite broader market fluctuations.

比特幣成為數位資產領域的主導者，吸引了 2.14 億美元的資金流入，鞏固了其作為今年迄今為止「表現最佳資產」的地位。儘管市場波動較大，但比特幣的累積流入總額達 7.99 億美元，繼續吸引投資者的興趣。

However, Ethereum struggled in comparison, facing a sharp $256 million in outflows. This decline is largely attributed to a broader sell-off in the tech sector, rather than any fundamental issues within the Ethereum network itself.

然而，相較之下，以太坊卻舉步維艱，面臨 2.56 億美元的大幅資金外流。這種下跌主要歸因於科技業更廣泛的拋售，而不是以太坊網路本身的任何基本問題。

In contrast, altcoins displayed a mixed performance, but several smaller projects managed to attract investor attention. Solana stood out with a notable $15 million inflow, signaling resilience in certain altcoins amid a generally challenging market environment.

相比之下，山寨幣的表現好壞參半，但幾個較小的項目成功吸引了投資者的注意。 Solana 以 1500 萬美元的流入量脫穎而出，這表明某些山寨幣在普遍充滿挑戰的市場環境中具有彈性。

Continued Interest in Niche Altcoins

對利基山寨幣的持續興趣

While price performances may have been underwhelming, some altcoins continued to draw interest from investors. Aave, Stellar, and Polkadot saw inflows of $2.9 million, $2.7 million, and $1.6 million, respectively, suggesting that there is sustained investor interest in these projects. This trend indicates that even in a turbulent market, diversification strategies involving altcoins are gaining traction.

儘管價格表現可能不盡人意，但一些山寨幣繼續吸引投資者的興趣。 Aave、Stellar 和 Polkadot 的資金流入分別為 290 萬美元、270 萬美元和 160 萬美元，這表明投資者對這些項目持續感興趣。這一趨勢表明，即使在動盪的市場中，涉及山寨幣的多元化策略也越來越受到關注。

XRP’s Legal Boost

XRP 的合法性提升

XRP also saw substantial inflows, totaling $41 million. Butterfill linked this development to ongoing political and legal factors, particularly the optimism surrounding the upcoming SEC appeal deadline on January 15th. The legal developments have contributed to heightened investor optimism, pushing XRP’s momentum forward despite broader market conditions.

XRP 也出現了大量資金流入，總計 4,100 萬美元。 Butterfill 將這一發展與持續的政治和法律因素聯繫起來，特別是圍繞著即將到來的 1 月 15 日 SEC 上訴截止日期的樂觀情緒。法律的進展增強了投資者的樂觀情緒，推動 XRP 在更廣泛的市場條件下繼續向前發展。

A Bearish Week for Global Crypto Markets

全球加密市場悲觀的一周

Overall, the global crypto market faced bearish sentiment during the week, shedding nearly $400 million from its market capitalization. The market cap dropped from $3.662 trillion last Monday to $3.283 trillion as of today, largely driven by Bitcoin’s decline. Bitcoin has seen its price fall below $91,000, dropping 3.9% in the past day to trade at $90,704.

整體而言，全球加密市場本週面臨看跌情緒，市值蒸發近 4 億美元。市值從上週一的 3.662 兆美元跌至今天的 3.283 兆美元，這主要是由比特幣下跌所推動的。比特幣價格跌破 91,000 美元，過去一天下跌 3.9%，至 90,704 美元。

As macroeconomic factors continue to influence investor behavior and digital asset prices, the market remained in a state of flux, highlighting the complexities of investing in crypto assets.

隨著宏觀經濟因素持續影響投資者行為和數位資產價格，市場仍處於不斷變化的狀態，凸顯了投資加密資產的複雜性。