由于监管不利，乐观情绪减弱，比特币跌至三个月低点

在降息预期逐渐减弱的情况下，比特币价格暴跌至 2 月 27 日以来的最低点，周四交易价格为 57,405 美元。此次下跌标志着比特币连续第三天下跌，因为由于对利率上升和地缘政治因素的担忧，比特币的价值持续波动。

Bitcoin Price Plummets to Three-Month Low amid Waning Optimism and Regulatory Headwinds

由于乐观情绪减弱和监管阻力，比特币价格跌至三个月低点

The cryptocurrency market has been rocked by a significant sell-off, with Bitcoin (BTC) experiencing a steep decline in value over the past week. Yesterday, the leading digital asset plunged to its lowest level since February 27th, starting Thursday's trading session at $57,405. This marks the third consecutive day of losses for Bitcoin, fueled by fading expectations of future interest rate cuts by the Federal Reserve (Fed).

加密货币市场受到大幅抛售的冲击，比特币（BTC）的价值在过去一周经历了急剧下跌。昨天，领先的数字资产暴跌至 2 月 27 日以来的最低水平，周四交易时段开盘价为 57,405 美元。这标志着比特币连续第三天下跌，原因是美联储（Fed）未来降息的预期逐渐减弱。

Seasonally, May has historically proven to be a challenging month for Bitcoin and the broader cryptocurrency market. Over the past 13 years, Bitcoin has suffered an average 20% price decline during this period.

从季节性来看，历史证明，五月对于比特币和更广泛的加密货币市场来说是充满挑战的一个月。过去 13 年里，比特币价格平均下跌 20%。

Despite the recent price drop, on-chain analytics platform CryptoQuant has reported no signs of weakness among Bitcoin miners. However, it has also highlighted a concerning trend towards centralization in the mining industry. A single organization currently controls approximately 47% of the network's hash rate through its nine major mining pools, raising concerns about the potential for manipulation or disruption.

尽管最近价格下跌，但链上分析平台 CryptoQuant 报告称，比特币矿工没有疲软的迹象。然而，它也凸显了采矿业集中化的令人担忧的趋势。目前，一个组织通过其九个主要矿池控制了大约 47% 的网络哈希率，这引发了人们对潜在的操纵或破坏的担忧。

Outflows from Bitcoin exchange-traded investment funds (ETFs) have also been a contributing factor to the price decline. These products have experienced a five-day streak of outflows, bringing the total investment volume since their launch on January 11th to $11.94 billion. In April, there was a more balanced flow pattern.

比特币交易所交易投资基金（ETF）的资金流出也是导致价格下跌的一个因素。这些产品经历了连续五天的流出，使自1月11日推出以来的总投资额达到119.4亿美元。 4月份，流量格局更加均衡。

Regulatory developments in the United States have also cast a shadow over the cryptocurrency market. The recent enactment of the cryptocurrency payment law is expected to pave the way for banks like JPMorgan to enter the space. However, the former CEO of Binance, Changpeng Zhao, was recently sentenced to four months in prison after the U.S. Department of Justice requested a three-year sentence.

美国的监管发展也给加密货币市场蒙上了阴影。最近颁布的加密货币支付法预计将为摩根大通等银行进入该领域铺平道路。然而，币安前首席执行官赵长鹏最近在美国司法部请求判处三年徒刑后被判处四个月监禁。

The Fed's persistent hawkish stance on interest rates has also weighed on the cryptocurrency market. The Federal Open Market Committee expressed concerns about inflation yesterday but did not rule out the possibility of future rate cuts. However, the market's expectation of such cuts had previously provided significant support to Bitcoin and other digital assets.

美联储在利率上持续的鹰派立场也给加密货币市场带来压力。联邦公开市场委员会昨天表达了对通胀的担忧，但不排除未来降息的可能性。然而，市场对此类降价的预期此前曾为比特币和其他数字资产提供了重大支撑。

The current downturn has seen Bitcoin's price drop from its all-time high reached in March. This week, the cryptocurrency experienced a decline of over 10%, making April 2022 its worst performing month since November 2021.

当前的低迷导致比特币的价格从三月份创下的历史高点回落。本周，加密货币跌幅超过 10%，使 2022 年 4 月成为自 2021 年 11 月以来表现最差的一个月。

Bitcoin futures markets also failed to provide support during this week's sell-off, indicating a lack of confidence among traders. While a strong recovery in the cryptocurrency market is expected later this year, market pressures and geopolitical events could lead to further price declines in the short term.

比特币期货市场在本周的抛售中也未能提供支撑，表明交易者缺乏信心。尽管预计今年晚些时候加密货币市场将强劲复苏，但市场压力和地缘政治事件可能导致短期内价格进一步下跌。

Over the next month or two, Bitcoin's price is expected to stabilize within a volatility range of $10,000 on either side. The impact of the recent halving, which reduces the issuance of new Bitcoin, may become more evident in the latter half of this year or early next year.

在接下来的一两个月内，比特币的价格预计将稳定在 10,000 美元左右的波动范围内。最近减半导致新比特币发行量减少，其影响可能在今年下半年或明年初变得更加明显。