比特币修正在市场动荡中测试看涨决心

分析师表示，最近的减半后调整已使比特币价格跌破 6.4 万美元，他们仍然认为牛市周期“远未结束”。尽管地缘政治紧张以及美联储宽松周期的延迟，但由于投机投资者关注潜在的增税和打击加密货币税收漏洞，黄金遭受了重大损失。

Bitcoin's Post-Halving Correction and the Bull Cycle's Future

比特币减半后的修正和牛市周期的未来

Following a period of significant appreciation, Bitcoin (BTC) has experienced a notable decline, dipping below $64,000 in a post-halving correction. This correction is considered by some analysts to be a temporary setback within a larger bullish cycle that is far from over.

经过一段时间的大幅升值后，比特币 (BTC) 经历了显着下跌，在减半后的修正中跌破 64,000 美元。一些分析师认为，这次调整是远未结束的更大看涨周期中的暂时挫折。

The halving event, which reduces the production rate of new Bitcoins by half, has historically been a catalyst for price surges in the past. However, this recent price correction suggests that the market may be experiencing a period of consolidation and adjustment.

减半事件使新比特币的生产率降低一半，历史上一直是过去价格飙升的催化剂。然而，最近的价格调整表明市场可能正在经历一段盘整和调整期。

James Lavish's Concerns on Inflation and the Fed's Response

詹姆斯·拉维什对通货膨胀的担忧和美联储的反应

Financial expert James Lavish has expressed concerns over the implications of the U.S. response to geopolitical flare-ups on inflation. He argues that the record deficits already pose a significant challenge for the Federal Reserve and the Treasury, and that the current approach could lead to further inflationary pressures.

金融专家詹姆斯·拉维什对美国应对地缘政治突发事件对通胀的影响表示担忧。他认为，创纪录的赤字已经对美联储和财政部构成了重大挑战，目前的做法可能会导致进一步的通胀压力。

Gold's Decline Amid Speculation and Policy Uncertainties

投机和政策不确定性导致黄金下跌

Gold has experienced substantial losses this week as speculative investors shift their focus to the potential delay in the Federal Reserve's easing cycle. Uncertainty surrounding the timing of the Fed's tapering and the possibility of its postponement until after the 2024 U.S. elections have weighed on the metal's price.

由于投机投资者将注意力转向美联储宽松周期可能延迟，黄金本周经历了大幅下跌。美联储缩减缩表时间的不确定性以及推迟至 2024 年美国大选之后的可能性，对金属价格构成压力。

Biden's Proposed Tax Reforms

拜登提出的税收改革

President Biden's 2025 Budget proposal includes a proposal to tax capital gains at 45%, which has raised concerns among investors in cryptocurrencies and other assets. Additionally, the proposal aims to close crypto tax loopholes, potentially affecting the tax treatment of crypto transactions.

拜登总统的 2025 年预算提案包括一项按 45% 税率征收资本利得税的提议，这引起了加密货币和其他资产投资者的担忧。此外，该提案旨在堵住加密货币税收漏洞，这可能会影响加密货币交易的税务处理。

Implications for Precious Metals, Cryptocurrencies, and the Economy

对贵金属、加密货币和经济的影响

The recent market movements have implications for various asset classes and the broader economy:

最近的市场走势对各种资产类别和更广泛的经济产生影响：

• Precious Metals: The decline in gold prices underscores the market's sensitivity to interest rate expectations and the Fed's monetary policy.
• Cryptocurrencies: Bitcoin's correction serves as a reminder of the volatility inherent in crypto markets, even amid bullish cycles. The Biden administration's proposed tax changes could impact the attractiveness of cryptocurrencies as investments.
• Economy: Lavish's concerns highlight the potential risks of continued inflation and the challenges facing policymakers in balancing economic growth with price stability.

Market Outlook and Future Expectations

贵金属：金价下跌凸显了市场对利率预期和美联储货币政策的敏感性。加密货币：比特币的调整提醒人们，即使在牛市周期中，加密货币市场也存在固有的波动性。拜登政府提议的税收改革可能会影响加密货币作为投资的吸引力。 经济：拉维什的担忧凸显了持续通胀的潜在风险以及政策制定者在平衡经济增长与价格稳定方面面临的挑战。 市场前景和未来预期

Analysts remain divided on the trajectory of Bitcoin and other cryptocurrencies in the wake of these developments. Some believe that the correction is a temporary setback within a larger uptrend, while others anticipate a more prolonged period of consolidation.

在这些事态发展之后，分析师对比特币和其他加密货币的发展轨迹仍然存在分歧。一些人认为，此次调整是较大上升趋势中的暂时挫折，而另一些人则预计将出现更长的盘整期。

The Federal Reserve's monetary policy decisions and the geopolitical landscape will likely play a crucial role in shaping the future direction of financial markets. Investors are advised to carefully monitor these factors and adjust their strategies accordingly.

美联储的货币政策决策和地缘政治格局可能在塑造金融市场的未来方向方面发挥至关重要的作用。建议投资者仔细监控这些因素并相应调整策略。