ars，市值突破4500亿美元输出标题：《比特币编年史2024：回顾影响BTC命运的关键时刻》

ption：又到了年终总结的时间了。 2024年的市场很复杂。比特币现货ETF获批、减半事件如期而至、价格飙升、算力再创新高、生态显现、政局变化、利好因素持续……诸多因素驱动BTC大涨摆脱全球投资热潮。币价屡创新高，突破10万美元大关，谷歌趋势指数较去年翻了一倍多，开启高光时刻！对于整个加密行业来说，2024 年是具有里程碑意义的一年。每一次重大事件都铭刻着比特币乃至整个加密货币市场的未来轨迹。

again, and major cryptocurrencies generally rose. Institutions are buying BTC on a large scale, and the price of BTC has soared. According to data from CoinShares, last week, institutional investors bought a net 100 million U.S. dollars in cryptocurrency products, and the total net capital inflow in 2024 has reached 830 million U.S. dollars. Among them, bitcoin products saw a net capital inflow of 90.4 million U.S. dollars, while short bitcoin products saw a net capital outflow of 1.3 million U.S. dollars.

再次，主要加密货币普遍上涨。机构大规模买入BTC，BTC价格飙升。 CoinShares数据显示，上周机构投资者净买入1亿美元加密货币产品，2024年资金净流入总额已达8.3亿美元。其中，比特币产品资金净流入9040万美元，做空比特币产品资金净流出130万美元。

BTC price once again hit a new historical high. This round of BTC price increase is mainly driven by the following factors: the approval of BTC spot ETF, the halving of BTC, the entry of institutions, and the good performance of major cryptocurrencies. Among them, the approval of BTC spot ETF is undoubtedly the most important driving factor. The approval of the BTC spot ETF has opened up a new channel for institutions to enter the crypto market, and a large amount of institutional capital has poured into the crypto market, driving up the price of BTC. In addition, the halving of BTC has also reduced the output of BTC by half, which has led to a decrease in the supply of BTC in the market and an increase in the price of BTC. At the same time, the entry of institutions has also brought new vitality to the crypto market, and the good performance of major cryptocurrencies has further boosted investors' confidence in the crypto market and attracted more capital to enter the market.

BTC价格再次创下历史新高。本轮BTC价格上涨主要受以下因素推动：BTC现货ETF获批、BTC减半、机构入场、各大加密货币表现良好等。其中，BTC现货ETF的获批无疑是最重要的推动因素。 BTC现货ETF的获批，为机构进入加密市场开辟了新渠道，大量机构资金涌入加密市场，带动BTC价格上涨。此外，BTC减半也使得BTC的产量减少了一半，从而导致市场上BTC的供应量减少，BTC的价格上涨。同时，机构的进入也给加密市场带来了新的活力，各大加密货币的良好表现进一步提振了投资者对加密市场的信心，吸引了更多资本进入市场。

The price of BTC has once again hit a new historical high, which also shows that the crypto market is still in a bull market, and the price of major cryptocurrencies is still rising. However, investors should also be aware that the crypto market is volatile and the price of major cryptocurrencies may fluctuate greatly at any time. Therefore, investors should invest rationally and avoid blindly following the trend.outputText: 2024 is destined to be an unforgettable year for the crypto industry. A series of major events have occurred throughout the year, driving Bitcoin to set off a global investment boom and refreshing the historical highs of the currency price several times. Among them, the price of the currency has broken through the 100,000 mark, and the Google Trends index has also doubled compared to last year, opening up a highlight moment!

BTC的价格再次创下历史新高，这也表明加密市场仍处于牛市，主要加密货币的价格仍在上涨。不过，投资者也应该意识到，加密货币市场波动较大，主要加密货币的价格随时可能出现大幅波动。因此，投资者应理性投资，避免盲目跟风。 输出文：2024年注定是加密行业难忘的一年。全年发生一系列重大事件，推动比特币在全球掀起投资热潮，数次刷新币价历史高位。其中，币价突破10万大关，谷歌趋势指数也较去年翻倍，开启高光时刻！

For the entire crypto industry, 2024 is a milestone year. Each major event engraves the future trajectory of Bitcoin and even the entire cryptocurrency market.

对于整个加密行业来说，2024 年是具有里程碑意义的一年。每一次重大事件都铭刻着比特币乃至整个加密货币市场的未来轨迹。

This report uses time as the context and events as the nodes. MetaEra will review the key moments that have influenced the fate of Bitcoin. Let us walk into the Bitcoin Chronicles of 2024 and experience the glory and hardship of this year.

本报告以时间为背景，以事件为节点。 MetaEra 将回顾影响比特币命运的关键时刻。让我们走进2024年的比特币编年史，感受这一年的辉煌与艰辛。

Crypto Opening Moment: Bitcoin Spot ETF Approved

加密货币开放时刻：比特币现货 ETF 获批

On January 10, the U.S. financial arena ushered in a landmark change: the approval of the BTC ETF. This allowed U.S.-listed companies, pension funds, various funds, and other institutional investors to openly enter this mysterious field through this financial tool, opening a new era of public purchase and holding of Bitcoin.

1月10日，美国金融舞台迎来了里程碑式的变化：BTC ETF获批。这使得美国上市公司、养老基金、各类基金和其他机构投资者可以通过这一金融工具公开进入这个神秘领域，开启了公开购买和持有比特币的新时代。

In April, the first batch of Hong Kong Bitcoin and Ethereum spot ETF products applied by the Hong Kong subsidiaries of China Asset Management, Bosera, and Harvest Asset Management were officially approved by the Hong Kong Securities Regulatory Commission. Subsequently, on April 30, these highly anticipated products were officially listed on the Hong Kong Stock Exchange.

4月，华夏基金、博时基金、嘉实基金香港子公司申请的首批香港比特币、以太坊现货ETF产品正式获得香港证监会批准。随后，4月30日，这些备受期待的产品正式在香港联交所上市。

The market cheered the launch of ETFs, the depth of crypto market products increased, and institutions entered the market in large numbers. The market was jubilant, and past doubts turned to the pursuit of value storage. Traditional capital poured into the crypto world, and crypto investment became closer to the Web 2.0 market.

ETF推出市场欢呼，加密市场产品深度提升，机构大量入市。市场一片欢腾，过去的疑虑转向了对价值存储的追求。传统资本涌入加密世界，加密投资更加贴近Web 2.0市场。

In the short term after the news was released, the overall performance of the Bitcoin market was stable, and there was no shock. Many people questioned the weakness of ETFs, and institutional conspiracy theories emerged frequently, with arguments of "all show and no real work" coming one after another. All these unknowns, like a magnet, attracted the attention of countless investors and industry observers, and became the most suspenseful chapter in the future development of Bitcoin. In the undercurrent, Bitcoin adheres to the "time machine theory," waiting for new impetus and using time to prove its value.

消息发布后短期内，比特币市场整体表现平稳，并未出现震荡。不少人质疑ETF的弱点，机构阴谋论频出，“全是作秀，无实干”的论调此起彼伏。这一切的未知，就像一块磁石，吸引了无数投资者和行业观察家的关注，成为比特币未来发展最悬念的篇章。暗流中，比特币坚守“时间机器论”，等待新的动力，用时间证明自己的价值。

Bitcoin halving: a crucial turning point in fate

比特币减半：命运的关键转折点

On April 20, Bitcoin halved at block height 840,000. After the halving, the block reward will drop from 6.25 bitcoins to 3.125 bitcoins.

4月20日，比特币在区块高度84万处减半。减半后，区块奖励将从 6.25 比特币降至 3.125 比特币。

Normally, the price of BTC will rise after the halving. After all, the price has hit new highs after the previous three halvings without exception. Many investors have the same expectations for the halving in April 2024, believing that this will undoubtedly

一般来说，减半后BTC的价格会上涨。毕竟，前三次减半后价格无一例外都创下了新高。许多投资者对2024年4月的减半抱有同样的预期，认为这无疑将