比特币 (BTC) 上周下跌近 7%，目前价格为 91810 美元（BTC/USD），人们担心为何迄今为止未能突破 10 万美元

根据市场估计，该代币现在应该能够达到六位数。最近徘徊在如此接近这一目标的位置，使其成为一个诱人的目标

Bitcoin (BTC) has dropped by nearly 7% over the last week, as its price now stands at $91,810 (BTC/USD), amid concerns over why it has not been able to cross the $100K mark so far.

比特币 (BTC) 上周下跌了近 7%，目前价格为 91,810 美元（BTC/美元），原因是人们担心它迄今为止未能突破 10 万美元大关。

On Monday, the price of the leading token dropped by 1.5%, leaving investors to wonder if the bull run is finally coming to an end. The crypto coin has rushed past its previous milestones and exceeded market expectations over the past few weeks, thanks in part to speculation over Donald Trump’s upcoming policies and new Federal Reserve interest rate cuts.

周一，领先代币的价格下跌了 1.5%，让投资者怀疑牛市是否终于结束了。在过去的几周里，加密货币已经超越了之前的里程碑，并超出了市场预期，部分原因是对唐纳德·特朗普即将推出的政策和美联储新的降息的猜测。

Bitcoin has seen massive investments from all corners, notably from Bitcoin whales like the commercial investor MicroStrategy, that have pushed Bitcoin to a high of $99,655, although the coin has since fallen from that high point. But what caused the decline, and why is Bitcoin not above $100,000 at this point?

比特币得到了来自各个角落的大规模投资，尤其是来自像商业投资者 MicroStrategy 这样的比特币鲸鱼的投资，这些投资将比特币推至 99,655 美元的高位，尽管此后比特币已经从这个高点回落。但是什么导致了下跌，为什么比特币目前还没有突破 10 万美元呢？

No $100K for Bitcoin?

没有 10 万美元的比特币？

According to market estimates, the token should have been able to hit six figures by now, and having hovered so close to that mark recently made it a tantalizing prospect for investors. A significant milestone like that would have raised Bitcoin’s prestige outside the crypto market. However, the failure to hit that mark has seen the coin become the subject of rampant speculation that it cannot cross $100K for now.

根据市场估计，该代币现在应该能够达到六位数，并且最近徘徊在如此接近的水平，使其成为投资者诱人的前景。像这样的一个重要里程碑将提高比特币在加密货币市场之外的声望。然而，由于未能达到这一目标，该代币成为了人们普遍猜测其目前无法突破​​ 10 万美元的话题。

Now that Bitcoin has fallen from the high mark, many investors will likely have put in place the option to sell once the coin hits $98K or $99K. According to XTB research director Kathleen Brooks, that could be the case for many major investors at the moment, which could spell trouble for investors who are holding out for $100K.

现在比特币已经从高位回落，一旦比特币触及 9.8 万或 9.9 万美元，许多投资者可能会选择出售。 XTB 研究总监凯瑟琳·布鲁克斯 (Kathleen Brooks) 表示，目前许多主要投资者都可能面临这种情况，这可能会给坚持持有 10 万美元的投资者带来麻烦。

There is now a stigma attached to Bitcoin that it has trouble passing $100K, whether that stigma is unearned or superstitious, and investors need to be aware of it. The longer Bitcoin spends below the $100K level, the larger that stigma will grow, and it will become harder for the coin to pass the mark, in a self-fulfilling market superstition.

现在，比特币有一个耻辱，那就是它很难突破 10 万美元，无论这种耻辱是不劳而获的还是迷信的，投资者需要意识到这一点。比特币花费在 10 万美元以下的时间越长，这种耻辱就会越大，并且在自我实现的市场迷信中，比特币就越难通过这一标准。

What should push the can past that level, though, is Trump being sworn into office in January. We could also see Bitcoin move past the mark when the next Fed interest cut comes along. These major market-moving events could be enough to overpower the stigma and help Bitcoin achieve what it has not managed so far.

不过，特朗普将于一月份宣誓就职，这应该会推动这一水平突破这一水平。当美联储下一次降息时，我们也可能会看到比特币突破大关。这些影响市场的重大事件可能足以消除这种耻辱，并帮助比特币实现迄今为止尚未实现的目标。