随着减半事件的临近，比特币的狂野之旅加剧

即将到来的第四次比特币减半引发了市场波动，在伊朗导弹袭击以色列的消息传出后，比特币价格暴跌至 62,000 美元。然而，在香港比特币和以太坊现货 ETF 获得批准的推动下，随后出现强劲反弹。减半预计将于 4 月 19 日至 20 日进行，预计将减少 BTC 供应，从历史上看，这会导致牛市。不过，目前的市场状况以及此次供应量减少幅度较小，增加了减半后价格回调的可能性。

Bitcoin Price Volatility Intensifies Ahead of Upcoming Halving

在即将到来的减半之前，比特币价格波动加剧

As the highly anticipated fourth Bitcoin halving rapidly approaches, the cryptocurrency markets have experienced significant price fluctuations, fueled by external events and the impending monetary policy change.

随着备受期待的第四次比特币减半迅速临近，在外部事件和即将到来的货币政策变化的推动下，加密货币市场经历了大幅的价格波动。

Weekend Turbulence

周末动荡

The weekend witnessed a tumultuous turn of events, with Bitcoin's price witnessing a sharp decline on Friday. Prior to the opening of US stock exchanges, Bitcoin maintained a stable position around $70,000. However, as European markets faltered, dragging US markets lower upon their opening, Bitcoin succumbed to the bearish momentum, tumbling below $66,000.

周末发生了一系列动荡，比特币价格在周五大幅下跌。在美国证券交易所开盘之前，比特币稳定维持在7万美元左右。然而，随着欧洲市场的疲软，拖累美国市场开盘走低，比特币屈服于看跌势头，跌破 66,000 美元。

Mini-Crash on Saturday

周六发生小型车祸

The weekend's respite proved to be short-lived, as a mini-crash ensued on Saturday. News of Iran's missile attack on Israel, amidst the closure of stock exchanges, had a particularly adverse impact on the cryptocurrency markets. Bitcoin's price plummeted to a level below $62,000, not seen since March 20, just a month prior. A modest rebound followed, restoring Bitcoin's value to around $63,000.

周末的喘息时间被证明是短暂的，周六发生了一场小型车祸。在证券交易所关闭期间，伊朗对以色列发动导弹袭击的消息对加密货币市场产生了特别不利的影响。比特币价格暴跌至 62,000 美元以下，这是自一个月前的 3 月 20 日以来的最高水平。随后出现小幅反弹，将比特币的价值恢复至 63,000 美元左右。

Strong Reaction to Hong Kong News

香港新闻反应强烈

A resurgence emerged on Sunday evening, likely attributable to positive news from Hong Kong. The Securities and Futures Commission (SFC) of Hong Kong granted approval for spot ETFs on Bitcoin and Ethereum. This development raised expectations of the imminent debut of up to three new ETFs on the Hong Kong stock exchange.

周日晚间出现复苏，可能归因于来自香港的积极消息。香港证券及期货事务监察委员会（证监会）批准比特币和以太坊现货 ETF。这一事态发展引发了人们对多达三只新 ETF 即将在香港证券交易所上市的预期。

Impact of Hong Kong ETFs

香港ETF的影响

The potential impact of these ETFs on Bitcoin's price remains uncertain. While it is unclear whether access to these products will be limited to Hong Kong residents or extended to mainland China, the retail market's influence could prove crucial.

这些 ETF 对比特币价格的潜在影响仍不确定。虽然尚不清楚这些产品的使用是否仅限于香港居民或扩展到中国大陆，但零售市场的影响力可能至关重要。

In the United States, ETFs have primarily garnered support from retail investors, not institutional funds. If Chinese residents are restricted from investing in Hong Kong ETFs, the potential price benefits for Bitcoin may be diminished.

在美国，ETF主要获得散户投资者而非机构基金的支持。如果中国居民投资香港 ETF 受到限制，比特币的潜在价格优势可能会减少。

Fourth BTC Halving

比特币第四次减半

With approximately 700 blocks remaining until the next Bitcoin halving, anticipation continues to build. The halving, occurring at block number 840,000, is expected to take place during the night between Friday, April 19, and Saturday, April 20.

距离下一次比特币减半还剩大约 700 个区块，人们的预期仍在不断增强。减半发生在区块号 840,000，预计将在 4 月 19 日星期五至 4 月 20 日星期六之间的夜间发生。

The halving marks a significant monetary policy adjustment, reducing the reward for successfully mining a block to half its current value. This reduction in supply has historically preceded major bull runs, although the current bull market commenced prior to the halving.

减半标志着重大的货币政策调整，将成功开采区块的奖励减少到当前价值的一半。从历史上看，这种供应减少发生在重大牛市之前，尽管当前的牛市是在减半之前开始的。

Factors Influencing Post-Halving Price

减半后价格影响因素

Unique to this halving is the reduced reward cut of 450 BTC per day, a significant decrease compared to previous halvings. Additionally, the recent attainment of historical highs raises the possibility of a price decline post-halving.

本次减半的独特之处在于每天奖励减少 450 BTC，与之前的减半相比大幅减少。此外，最近达到的历史高位增加了减半后价格下跌的可能性。

Macroeconomic conditions also suggest a potential correction in the markets. Once the highly anticipated halving event passes, a period of consolidation may ensue.

宏观经济状况也表明市场可能出现调整。一旦备受期待的减半事件过去，一段整合期可能会随之而来。

Conclusion

结论

As the Bitcoin halving rapidly approaches, the cryptocurrency markets continue to navigate volatility induced by external events and the looming monetary policy shift. While the long-term implications of the halving remain uncertain, the combination of recent price fluctuations and impending changes underscores the dynamic nature of the crypto asset's price behavior.

随着比特币减半的迅速临近，加密货币市场继续应对外部事件和迫在眉睫的货币政策转变引发的波动。尽管减半的长期影响仍不确定，但近期价格波动和即将发生的变化的结合凸显了加密资产价格行为的动态性质。