比特币在不确定的水域中航行，受到利率和 ETF 热情的影响

周三，由于隔夜美元下跌暂时缓解了比特币的价值。然而，由于对利率上升的持续担忧以及对 ETF 的兴趣减弱，该代币一直保持在一个多月以来的交易区间内。

Bitcoin Navigates Uncertain Waters Amid Interest Rate Jitters and ETF Enthusiasm

在利率波动和 ETF 热情的影响下，比特币在不确定的水域中航行

Bitcoin's price experienced a modest uptick on Wednesday, as a slight retreat in the value of the U.S. dollar provided temporary relief. However, the cryptocurrency remained confined within a trading range that has persisted for over a month, primarily due to persistent fears of higher interest rates and diminished excitement surrounding exchange-traded funds (ETFs).

周三，比特币价格小幅上涨，美元小幅回落暂时缓解了这一情况。然而，加密货币仍被限制在一个多月以来的交易区间内，这主要是由于对利率上升的持续担忧以及对交易所交易基金（ETF）的兴奋感减弱。

By 11:54 GMT (14:54 Kiev time), Bitcoin had ascended by 0.6% over the preceding 24-hour period, trading at $66,469.5. Since reaching an all-time high of over $73,000 in early March, the cryptocurrency has predominantly fluctuated within a narrow range of $60,000 to $70,000.

截至格林威治标准时间 11:54（基辅时间 14:54），比特币在前 24 小时内上涨了 0.6%，交易价格为 66,469.5 美元。自 3 月初达到超过 73,000 美元的历史高点以来，该加密货币主要在 60,000 美元至 70,000 美元的窄幅区间内波动。

Despite the sharp surge in tech stocks that Bitcoin typically tracks during this week, the world's largest cryptocurrency experienced limited gains. Furthermore, the halving event that occurred over the weekend, reducing mining fees by 50%, had a negligible impact on Bitcoin's price. Similarly, the launch of the Runes protocol, which generated a flurry of activity on the network and drove transaction fees to record highs, also yielded only minor price fluctuations.

尽管本周比特币通常追踪的科技股大幅上涨，但全球最大的加密货币的涨幅有限。此外，周末发生的减半事件使挖矿费用降低了50%，对比特币价格的影响可以忽略不计。同样，符文协议的推出在网络上引发了一系列活动，并将交易费用推向历史新高，但也只产生了轻微的价格波动。

The cryptocurrency market as a whole exhibited subdued price movements on Wednesday, weighed down by ongoing concerns about persistently high and potentially long-term interest rates in the United States. While Ethereum gained 3.1%, XRP and Solana posted modest increases of 0.05% and 3%, respectively.

周三，由于对美国持续高利率和潜在长期利率的持续担忧，加密货币市场整体价格走势疲软。以太坊上涨 3.1%，XRP 和 Solana 分别小幅上涨 0.05% 和 3%。

The initial optimism that pervaded the cryptocurrency market during the first quarter of 2024 stemmed from expectations that the U.S. Federal Reserve would soon implement interest rate cuts. However, such optimism dissipated in April, as robust inflation figures and aggressive signals from the Fed led traders to recalibrate their expectations for a rate cut in June.

2024 年第一季度加密货币市场最初的乐观情绪源于对美联储将很快实施降息的预期。然而，这种乐观情绪在 4 月份消散，因为强劲的通胀数据和美联储发出的积极信号导致交易员重新调整了对 6 月份降息的预期。

Higher interest rates sustained over an extended period are not favorable for cryptocurrencies, as the sector generally thrives on the elevated speculation fostered by low interest rates and abundant liquidity. With this in mind, market participants will be closely monitoring upcoming economic data releases from the U.S., which will likely shape the outlook for interest rates. Key data points to watch include first-quarter GDP data, due Thursday, and the personal consumption expenditures (PCE) index, a measure of inflation preferred by the Fed, due Friday.

长期持续较高的利率不利于加密货币，因为该行业通常依靠低利率和充裕的流动性引发的投机活动而蓬勃发展。考虑到这一点，市场参与者将密切关注美国即将发布的经济数据，这可能会影响利率前景。值得关注的关键数据包括周四公布的第一季度GDP数据，以及周五公布的个人消费支出（PCE）指数（美联储首选的通胀指标）。

Notwithstanding the headwinds posed by interest rate concerns, the cryptocurrency market continues to attract attention due to the potential for increased ETF adoption. However, it remains uncertain whether ETFs will become the catalyst that propels Bitcoin to new heights or whether they will introduce new risks and complexities into the cryptocurrency ecosystem.

尽管存在利率担忧带来的阻力，但由于 ETF 采用率增加的潜力，加密货币市场继续引起关注。然而，ETF是否会成为将比特币推向新高度的催化剂，或者是否会给加密货币生态系统带来新的风险和复杂性，目前仍不确定。