尽管市场动荡，比特币、以太坊仍反弹

在美联储利率决定预期导致市场低迷后，比特币和以太坊出现反弹。比特币价格上涨 0.5% 至约 57,700 美元，而以太坊上涨 2.3%，交易价格略低于 3,000 美元。然而，价值 1.93 亿美元的加密货币期货合约在过去 24 小时内被清算，加剧了市场损失。

Bitcoin and Ethereum Resurgence Amidst Market Volatility

比特币和以太坊在市场波动中复苏

Following a turbulent week marked by speculation surrounding the Federal Reserve's monetary policy meeting, Bitcoin and Ethereum have experienced a modest recovery.

在经历了围绕美联储货币政策会议的猜测而动荡的一周后，比特币和以太坊经历了温和复苏。

As of writing, Bitcoin currently trades at approximately $57,700, denoting a 0.5% increase over the past 24 hours. Ethereum, having surged 2.3% within the same period, now hovers just below the $3,000 mark.

截至撰写本文时，比特币目前的交易价格约为 57,700 美元，在过去 24 小时内上涨了 0.5%。以太坊同期飙升 2.3%，目前徘徊在 3,000 美元大关下方。

Despite this uptick, the broader cryptocurrency market has sustained significant losses. Liquidations of crypto futures contracts worth an additional $193 million were recorded in the past day alone, exacerbating the $300 million worth of liquidations witnessed earlier this week.

尽管有所上涨，但更广泛的加密货币市场仍遭受了重大损失。仅过去一天，加密货币期货合约的清算额就增加了 1.93 亿美元，加剧了本周早些时候价值 3 亿美元的清算额。

Analysts attribute the recent market turbulence to investor apprehension stemming from the Federal Reserve's decision to maintain interest rates unchanged. This outcome defied market expectations of a potential rate reduction.

分析师将近期市场动荡归因于美联储维持利率不变的决定导致投资者担忧。这一结果违背了市场对可能降息的预期。

Alex Kruger, an economist, trader, and crypto analyst, has highlighted the unique dynamics of the current market cycle. Unlike previous periods, this cycle has been primarily driven by institutional interest in spot Bitcoin ETFs, which commenced trading in January 2022.

经济学家、交易员和加密货币分析师亚历克斯·克鲁格（Alex Kruger）强调了当前市场周期的独特动态。与之前的时期不同，这一周期主要是由机构对现货比特币 ETF 的兴趣驱动的，该 ETF 于 2022 年 1 月开始交易。

"Retail participation in crypto has been minimal," Kruger observed via Twitter. "ETF buyers and experienced traders have largely dominated the market, taking on riskier positions."

克鲁格通过 Twitter 观察到：“零售业对加密货币的参与很少。” “ETF 买家和经验丰富的交易员在很大程度上主导了市场，承担了风险较高的头寸。”

During a recent press conference, Federal Reserve Chair Jerome Powell acknowledged the challenges in curbing inflation and expressed skepticism about an imminent rate hike. However, President Joe Biden expressed optimism during a separate press conference in Japan, suggesting that a rate cut could materialize before year-end.

在最近的新闻发布会上，美联储主席杰罗姆·鲍威尔承认抑制通胀面临挑战，并对即将加息表示怀疑。然而，美国总统乔·拜登在日本举行的另一场新闻发布会上表达了乐观态度，暗示降息可能会在年底前实现。

Market Context

市场背景

Bitcoin reached its all-time high of $65,000 last month but has since embarked on a downward trajectory. The recent geopolitical tensions in the Middle East have also contributed to diminishing investor interest in crypto assets.

比特币上个月达到 65,000 美元的历史新高，但此后开始走下坡路。最近中东地缘政治紧张局势也导致投资者对加密资产的兴趣下降。

Ethereum, on the other hand, has witnessed a recent surge, buoyed by its role in the burgeoning decentralized finance (DeFi) and non-fungible token (NFT) ecosystems.

另一方面，以太坊最近经历了飙升，得益于其在新兴的去中心化金融（DeFi）和不可替代代币（NFT）生态系统中的作用。

Conclusion

结论

While Bitcoin and Ethereum have exhibited signs of recovery, the broader cryptocurrency market remains volatile. Investors should exercise caution and carefully monitor market developments, particularly in light of the uncertainties surrounding global economic conditions and geopolitical events.

尽管比特币和以太坊已经表现出复苏的迹象，但更广泛的加密货币市场仍然不稳定。投资者应保持谨慎并密切关注市场发展，特别是考虑到全球经济状况和地缘政治事件的不确定性。