随着市场降温，美联储鹰派占据主导地位，比特币的涨势陷入困境

由于对美国专用 ETF 的需求降温以及对美联储更加鸽派的预期减弱，比特币暴跌。该数字资产暴跌超过 5%，然后略有回升，Pepe 和 Dogwifhat 等较小的代币也面临下跌。由于美国持续的通胀担忧，加密货币的涨势正在减弱，导致投资者减少对美联储降息的押注，这提振了美国国债收益率和美元。

Bitcoin's Rise Falters as Market Cools and Fed Hawks Prevail

随着市场降温和美联储鹰派占上风，比特币的上涨动摇

Singapore (Bloomberg) -- Bitcoin, the bellwether of the digital asset market, has succumbed to a significant sell-off, erasing gains accrued earlier in the year. The cryptocurrency's descent has been fueled by waning demand for dedicated U.S. exchange-traded funds (ETFs) and a diminished belief in a dovish Federal Reserve monetary policy.

新加坡（彭博社）——数字资产市场的领头羊比特币遭遇大幅抛售，抹去了今年早些时候的涨幅。对美国交易所交易基金（ETF）的需求减弱以及对美联储鸽派货币政策的信心减弱，加剧了加密货币的下跌。

The initial surge in Bitcoin's value this year was predicated on the anticipation of interest rate cuts by the Federal Reserve, which would have lowered borrowing costs and boosted the appeal of speculative investments. However, recent US economic data, including robust manufacturing activity and escalating input prices, has dampened expectations for such a shift.

今年比特币价值最初的飙升是基于美联储降息的预期，这将降低借贷成本并增强投机性投资的吸引力。然而，最近的美国经济数据，包括强劲的制造业活动和不断上涨的投入价格，削弱了对这种转变的预期。

As a result, investors have retreated from Bitcoin and other riskier assets, turning their attention to more traditional investments. The recent inflow of funds into U.S. spot-Bitcoin ETFs has dwindled, with investors redeeming a net $86 million from the 10 products on Monday alone. This reversal of sentiment has weighed heavily on the largest digital asset.

结果，投资者纷纷撤离比特币和其他风险较高的资产，将注意力转向更传统的投资。最近流入美国现货比特币 ETF 的资金有所减少，仅周一，投资者就从这 10 种产品中净赎回了 8600 万美元。这种情绪的逆转给这一最大的数字资产带来了沉重压力。

"The crypto market has shown signs of weakness in the last 12 hours," observed Richard Galvin, co-founder of DACM, a digital asset management firm. "The latest US economic data has sparked a sell-off across the crypto space."

数字资产管理公司 DACM 联合创始人理查德·加尔文 (Richard Galvin) 表示：“加密市场在过去 12 小时内显示出疲软迹象。” “最新的美国经济数据引发了整个加密货币领域的抛售。”

Adding to the downward pressure on Bitcoin is the impending halving of its issuance rate, which occurs every four years. While some market participants view this event as a potential catalyst for price appreciation, others argue that the token's quadrupling in value since the start of 2023 has left little room for further gains.

比特币的发行率即将每四年减半，这加剧了比特币的下行压力。虽然一些市场参与者认为这一事件是价格上涨的潜在催化剂，但其他人则认为，自 2023 年初以来，该代币的价值翻了两番，进一步上涨的空间已经很小。

"The impact of the halving is already priced into Bitcoin," said Stefan von Haenisch, head of trading at OSL SG Pte. "The combination of diminished expectations for Fed easing and the lack of significant upside potential is driving the current sell-off."

OSL SG Pte. 交易主管 Stefan von Haenisch 表示：“减半的影响已经反映在比特币中。” “对美联储宽松政策的预期减弱以及缺乏显着的上行潜力，共同推动了当前的抛售。”

The cooling of the crypto market has also affected smaller digital assets, with tokens like Pepe and dogwifhat experiencing sharp declines. This broader sell-off underscores the interconnectedness of the digital asset ecosystem and its vulnerability to broader market trends.

加密货币市场的降温也影响了规模较小的数字资产，Pepe 和 Dogwifhat 等代币价格大幅下跌。这种更广泛的抛售凸显了数字资产生态系统的相互关联性及其对更广泛市场趋势的脆弱性。

As the Fed remains steadfast in its fight against inflation, investors are becoming increasingly cautious about speculative investments. Bitcoin, which has long been a haven for risk-seekers, is not immune to this shift in sentiment. Consequently, the digital asset market is likely to face further headwinds until there is a more definitive shift in the macroeconomic landscape.

由于美联储坚定地对抗通胀，投资者对投机性投资变得越来越谨慎。长期以来一直是风险寻求者避风港的比特币也未能幸免于这种情绪转变。因此，在宏观经济格局出现更明确的转变之前，数字资产市场可能会面临进一步的阻力。