比特币飙升：这次反弹能否保持稳定？

在投资界持续热情的推动下，周三比特币再次上涨。尽管周二下跌 6%，但加密货币仍上涨 6.8%。以太币也飙升 9.8%，达到 2022 年 1 月以来的最高水平。这一上涨归因于对美国现货交易所交易加密产品的投资增加以及对全球利率下降的预期。

Is Bitcoin's Rally Here to Stay?

比特币的涨势会持续下去吗？

Bitcoin and ether extended their ascent on Wednesday, with ether reaching new heights. Despite volatility, Bitcoin continues to surge, prompting questions about the sustainability of its rally.

比特币和以太币周三继续上涨，以太币达到新高。尽管存在波动，但比特币仍在继续飙升，引发人们对其反弹可持续性的质疑。

What's Driving Bitcoin's Momentum?

是什么推动了比特币的发展势头？

Investors' enthusiasm for U.S. spot crypto ETFs and the prospect of lower interest rates have fueled Bitcoin's 55% surge this year. Lennix Lai, OKX's global chief commercial officer, attributes the trend to increasing mainstream acceptance and upcoming events like the ethereum upgrade and Bitcoin "halving."

投资者对美国现货加密 ETF 的热情以及较低利率的前景推动了比特币今年飙升 55%。 OKX 全球首席商务官 Lennix Lai 将这一趋势归因于主流接受度的提高以及以太坊升级和比特币“减半”等即将发生的事件。

Institutional Involvement: A Game-Changer?

机构参与：游戏规则改变者？

The approval of spot Bitcoin ETFs by the SEC marked a turning point. Institutional investors, once hesitant due to volatility, are now allocating long-term capital, potentially providing stability to the rally.

美国证券交易委员会批准现货比特币 ETF 标志着一个转折点。机构投资者曾经因波动而犹豫不决，现在正在配置长期资本，这可能为股市上涨提供稳定性。

Ether's Impressive Performance

以太坊令人印象深刻的表现

Ether has also benefited from Bitcoin's momentum, rising over 60% year-to-date. Despite its size, it remains closely tied to Bitcoin's trajectory and shares in its recent gains.

以太币也受益于比特币的势头，今年迄今上涨了 60% 以上。尽管规模庞大，但它仍然与比特币的轨迹和近期涨幅密切相关。

Can Speculation Be Avoided?

可以避免投机吗？

The recent price swings, including Bitcoin's sharp decline on Tuesday, raise concerns about the speculative nature of crypto assets. Matt Simpson of City Index compares it to a "pump and dump" scenario, where price spikes attract short-term traders who later liquidate, causing volatility.

最近的价格波动，包括​​比特币周二的大幅下跌，引发了人们对加密资产投机性质的担忧。 City Index 的马特·辛普森 (Matt Simpson) 将其与“拉高抛售”的情况进行了比较，即价格飙升吸引了短期交易者，他们随后清算，从而导致波动。

Bitcoin's Real Value: Overinflated or Undervalued?

比特币的真实价值：过度膨胀还是低估？

Deutsche Bank's Jim Reid notes that Bitcoin is still below its all-time high in inflation-adjusted terms. He suggests that its current price, calculated in today's dollars, should be around $75,000 to match the previous peak.

德意志银行的吉姆·里德指出，按通货膨胀调整后的价格计算，比特币仍低于历史高点。他建议，以今天的美元计算，其当前价格应在 75,000 美元左右，与之前的峰值持平。

Conclusion

结论

Bitcoin's rally has been driven by various factors, including increased adoption, institutional support, and expectations of upcoming events. However, the speculative nature of these assets and the potential for abrupt price reversals remain concerns. As investors consider the long-term prospects of Bitcoin and its peers, they must carefully weigh the risks and potential rewards.

比特币的上涨是由多种因素推动的，包括采用率的增加、机构的支持以及对即将发生的事件的预期。然而，这些资产的投机性质和价格突然逆转的可能性仍然令人担忧。当投资者考虑比特币及其同类产品的长期前景时，他们必须仔细权衡风险和潜在回报。