美国国债收益率飙升，比特币暴跌，给风险资产带来压力

根据 Coin Metrics 的数据，旗舰加密货币的价格最近下跌了 5%，至 96,529.13 美元。

Bitcoin price dropped on Tuesday morning as Treasury yields rose sharply, putting pressure on risk assets.

周二上午，随着美国国债收益率大幅上涨，比特币价格下跌，给风险资产带来压力。

The world’s largest cryptocurrency was last trading down by 5% to $96,529.13, according to Coin Metrics. The broader market of cryptocurrencies, as measured by the CoinDesk 20 index, dropped more than 6%.

根据 Coin Metrics 的数据，全球最大的加密货币最新交易价格下跌 5%，至 96,529.13 美元。以 CoinDesk 20 指数衡量的加密货币大盘下跌超过 6%。

Crypto stocks Coinbase and MicroStrategy fell more than 7% and 10%, respectively. Bitcoin miners Mara Holdings and Core Scientific were down about 5% each.

加密货币股票 Coinbase 和 MicroStrategy 分别下跌超过 7% 和 10%。比特币矿商 Mara Holdings 和 Core Scientific 分别下跌约 5%。

The moves followed a sudden increase in the 10-year U.S. Treasury yield after data released by the Institute for Supply Management showed faster-than-expected growth in the U.S. services sector in December, adding to concerns about stickier inflation. Rising yields tend to pressure growth oriented risk assets.

供应管理协会(Institute for Supply Management)公布的数据显示美国服务业12月增长快于预期，加剧了人们对通胀加剧的担忧，随后美国10年期国债收益率突然上升。收益率上升往往会给增长型风险资产带来压力。

Bitcoin traded above $102,000 on Monday and is expected to about double this year from that level. Investors are hoping that clearer regulation will support digital asset prices and in turn benefit stocks like Coinbase and Robinhood.

周一，比特币交易价格超过 102,000 美元，预计今年将比该水平翻一番。投资者希望更明确的监管能够支撑数字资产价格，进而有利于 Coinbase 和 Robinhood 等股票。

However, uncertainty about the path of Federal Reserve interest rate cuts could put bumps in the road for crypto prices. In December, the central bank signaled that although it was cutting rates a third time, it may do fewer rate cuts in 2025 than investors had anticipated. Historically, rate cuts have had a positive effect on bitcoin price while hikes have had a negative impact.

然而，美联储降息路径的不确定性可能会给加密货币价格带来障碍。去年12月，央行表示，虽然正在第三次降息，但2025年的降息幅度可能会比投资者预期的要少。从历史上看，降息对比特币价格产生积极影响，而加息则产生负面影响。

Bitcoin is up more than 3% since the start of the year. It posted a 120% gain for 2024.

自今年年初以来，比特币已上涨超过 3%。 2024 年该公司股价上涨 120%。