比特币在市场抛售中回落，进入熊市区域

周三，比特币连续第三天下跌，尽管重新回到 57,200 美元的水平，但仍创下 2022 年底以来的最大月度跌幅。此次撤退反映了投资者在美联储利率决定之前撤出加密货币行业的更广泛趋势。

Bitcoin Retreats Amid Market Downturn, Faces Bear Market Concerns

比特币在市场低迷中回落，面临熊市担忧

Bitcoin, the dominant cryptocurrency, has experienced a sustained decline over the past three days, extending its monthly losses to their most significant extent since the end of 2022. Despite this downturn, Bitcoin managed to recover to the $57,200 level.

占主导地位的加密货币比特币在过去三天经历了持续下跌，将其月度跌幅扩大到了 2022 年底以来的最大程度。尽管出现了这种低迷，但比特币还是成功恢复至 57,200 美元的水平。

The cryptocurrency market has seen a broader trend of investors withdrawing from the sector in anticipation of the Federal Reserve's imminent interest rate decision. This decision is expected to have significant implications for interest rate-sensitive assets.

由于预期美联储即将做出利率决定，加密货币市场出现了投资者退出该行业的更广泛趋势。预计这一决定将对利率敏感资产产生重大影响。

In April, Bitcoin's value plummeted by nearly 16% as investors realized profits from a bullish rally that had propelled prices to record highs exceeding $70,000.

4 月份，比特币的价值暴跌近 16%，投资者从看涨反弹中获利，推动比特币价格创下超过 70,000 美元的历史新高。

According to the most recent data, Bitcoin lost 8% to $57,325, marking its lowest value since late February. Ethereum, another prominent cryptocurrency, suffered smaller losses, declining by 5.9% to $2,880, its weakest performance since February.

根据最新数据，比特币下跌 8% 至 57,325 美元，创下 2 月底以来的最低值。另一种著名的加密货币以太坊跌幅较小，下跌 5.9% 至 2,880 美元，为 2 月份以来的最弱表现。

With Bitcoin now trading 22% below its March peak of $73,700, the cryptocurrency has technically entered bear market territory. However, it has maintained its 35% annual gain, doubling in value compared to this time last year. This growth has been driven in part by the billions of dollars that have flowed into newly established exchange-traded funds (ETFs) since January.

目前比特币的交易价格比 3 月份峰值 73,700 美元低 22%，从技术上讲，这种加密货币已经进入熊市区域。然而，它仍保持了35%的年涨幅，与去年同期相比翻了一番。这种增长的部分原因是自一月份以来数十亿美元流入新成立的交易所交易基金（ETF）。

Analysts attribute the recent downturn to profit-taking by investors who entered the market during the dips in 2022 and 2023, as well as ETF investors who have witnessed substantial asset appreciation since the start of 2024.

分析师将近期的低迷归因于在 2022 年和 2023 年股市低迷期间进入市场的投资者以及自 2024 年初以来资产大幅增值的 ETF 投资者的获利了结。

Macroeconomic factors are also playing a role. While the Federal Reserve is not anticipated to alter interest rates, investors are increasingly speculating that the central bank may postpone rate cuts this year. This has negatively impacted interest rate-sensitive assets such as cryptocurrencies, stocks, and bonds in emerging commodity markets.

宏观经济因素也在发挥作用。尽管预计美联储不会调整利率，但投资者越来越多地猜测美联储今年可能会推迟降息。这对新兴商品市场的加密货币、股票和债券等利率敏感资产产生了负面影响。

Data from LSEG indicates outflows of up to $496 million this week, primarily due to a slowdown in inflows into BlackRock's iShares BTC Trust, the ETF with the largest asset holdings.

伦敦证交所的数据显示，本周资金流出高达 4.96 亿美元，主要是由于贝莱德旗下持有最大资产的 ETF iShares BTC Trust 的资金流入放缓。

The "halving event" in April, which entailed a modification to Bitcoin's underlying technology intended to reduce the rate of new BTC creation, had a muted impact on the cryptocurrency's price. Since the April 20 event, the digital asset has lost approximately 15%.

四月份的“减半事件”需要对比特币的底层技术进行修改，旨在降低新比特币的创造速度，但对加密货币的价格影响不大。自 4 月 20 日事件以来，该数字资产已下跌约 15%。

Analysts remain cautious about Bitcoin's short-term prospects, with some predicting further declines in the absence of a significant market catalyst. However, the cryptocurrency's long-term outlook remains uncertain, with the potential for continued growth but also the risk of further volatility.

分析师对比特币的短期前景仍持谨慎态度，一些人预测，在缺乏重大市场催化剂的情况下，比特币将进一步下跌。然而，加密货币的长期前景仍然不确定，有持续增长的潜力，但也存在进一步波动的风险。