股票指數波動率與比特幣達到同等水平

在不尋常的事件中，最近的數據表明，股票指數波動率達到了高水平，這使其與世界上最受歡迎的加密貨幣比特幣的波動率相提並論。

In a surprising turn of events, recent data from Nasdaq composites showed that stock index volatility has reached levels comparable to the volatility of the world’s most popular cryptocurrency, Bitcoin.

在令人驚訝的事件中，納斯達克復合材料的最新數據表明，股票指數波動率已達到與世界上最受歡迎的加密貨幣比特幣的波動性相當的水平。

The relatively stable traditional asset markets tested turbulent waters thanks to last week’s market activities that saw investors reacting to the tariffs issued by President Donald Trump.

相對穩定的傳統資產市場測試了動蕩的水域，這要歸功於上週的市場活動使投資者對唐納德·特朗普總統簽發的關稅做出了反應。

Bitcoin, often recognized for its high volatility and sharp price swings, saw its 30-day realized volatility fall to 46.4% on April 10, surpassed by Nasdaq’s 21-day realized volatility which reached 59.8% according to Dow Jones Market Data.

比特幣經常因其高波動性和尖銳的價格波動而被認可，其30天實現的波動性下降至4月10日的46.4％，納斯達克（Nasdaq）的21天實現的波動性超過了59.8％，根據道德·瓊斯（Dow Jones）的市場數據，其波動性降至59.8％。

It’s worth noting that Bitcoin trades around the clock, 24 hours a day, seven days a week, while U.S. equities only trade on weekdays from 9:30 a.m. to 4 p.m. ET. This wider trading window can sometimes smooth out extreme fluctuations in crypto as pointed out by analysts.

值得注意的是，比特幣每週7天每天24小時全天候交易，而美國股票僅在美國東部時間上午9:30至下午4點在工作日進行交易。正如分析師指出的那樣，這個更廣泛的交易窗口有時會平息加密中的極端波動。

However, the market experienced some resurgence on Monday, ending on a high note after the Trump administration announced that it would exempt smartphones, electronic integrated circuits, and some consumer-electronics products as well as machines used in making semiconductors from the tariffs.

但是，在特朗普政府宣布將免除智能手機，電子綜合電路以及一些消費者電子產品以及用於從關稅中製造半導體的機器之後，市場在周一經歷了一些復興，以高音結尾。

Although the White House has added that these exemptions were temporary.

儘管白宮補充說這些豁免是暫時的。

Tariffs affect the stock market more directly as they impact the actual companies listed there and their profit margins, which in turn impacts consumer and investors’ confidence. Bitcoin, on the other hand, is relatively insulated or not as impacted by the effects of tariffs.

關稅會影響股票市場的影響，因為它們影響那裡列出的實際公司及其利潤率，這反過來影響了消費者和投資者的信心。另一方面，比特幣是相對隔熱或不受關稅影響的影響。

Greg Magadini, the director of derivatives at crypto-data platform Amberdata, has also highlighted another guardrail for Bitcoin’s volatility. Magadini noted that Bitcoin’s volatility has been on a decline in part due to institutional involvement, especially after the launch of Bitcoin exchange-traded funds (ETFs) last year.

Crypto-Data平台Amberdata的衍生工具總監Greg Magadini還強調了比特幣波動性的另一個護欄。 Magadini指出，比特幣的波動率在某種程度上是由於機構的參與而下降的，尤其是在去年由比特幣交易所交易基金（ETF）推出之後。

The Donald Trump administration is known to have a pro-crypto regulatory stance, which stakeholders also see as influential in relatively stabilizing Bitcoin. The president signed executive orders to create a federal framework for digital asset regulation and even proposed the establishment of a national Bitcoin reserve.

眾所周知，唐納德·特朗普（Donald Trump）的政府具有親克萊普托（Crypto）的監管立場，利益相關者還認為這在相對穩定的比特幣方面具有影響力。總統簽署了執行命令，以為數字資產法規創建聯邦框架，甚至提議建立國家比特幣儲備。

Trump’s stance on crypto marks a major shift from the Biden administration. Under the new administration, the Securities and Exchange Commission has dismissed lawsuits against several crypto companies, and the President has pardoned some players in the crypto space convicted for crypto-related crimes, such as former BitMEX CEO Arthur Hayes.

特朗普對加密貨幣的立場標誌著比登政府的重大轉變。在新政府的領導下，美國證券交易委員會（Securities and Exchange Commission）駁回了針對多家加密貨幣公司的訴訟，總統將一些因與加密貨幣相關的犯罪定罪的加密貨幣空間中的一些參與者赦免，例如前Bitmex首席執行官Arthur Hayes。

The reduction of speculative volatility may be attributed to these moves boosting institutional confidence in Bitcoin.

投機性波動率的降低可能歸因於這些舉動，從而提高了對比特幣的機構信心。

While it remains to be seen whether this trend continues, the recent convergence in volatility between equities and Bitcoin suggests a changing narrative.

儘管這種趨勢是否繼續存在尚待觀察，但股票和比特幣之間波動率的最新融合表明敘事發生了變化。