加密货币市场反弹：比特币飙升，山寨币也加入涨势

周四，加密货币市场出现复苏，比特币在经历了几天的停滞后飙升至 69,000 美元以上。此次反弹与现货 BTC ETF 的资金流入增加相一致，抵消了近期的资金流出。然而，在美联储主席表示可能暂停降息后，股市在收盘时面临压力。黄金在创历史新高后出现下跌趋势，而比特币波动性仍然很高，分析师警告称，由于即将到来的减半和机构需求的增加，市场可能出现波动。

Crypto Market Rebounds: Bitcoin Surges, Alts Follow

加密货币市场反弹：比特币飙升，另类货币紧随其后

The crypto market witnessed a significant recovery on Thursday, with Bitcoin (BTC) propelling back above $69,000 after hovering around $66,000 for the past three days. The rally is attributed to an uptick in spot BTC ETF inflows, which had experienced five consecutive days of outflows.

周四，加密货币市场出现显着复苏，比特币 (BTC) 在过去三天徘徊在 66,000 美元附近后，重新回到 69,000 美元上方。此次上涨归因于现货 BTC ETF 流入量的增加，该流入量已连续五天流出。

Stocks initially opened higher and maintained their positive momentum for much of the day. However, late afternoon saw a drop in stock prices after Neel Kashkari, President of the Minnesota Fed, suggested that the Fed might not reduce interest rates at all this year if inflation persists.

股市最初开盘走高，并在当天大部分时间里保持积极势头。然而，下午晚些时候，明尼苏达州联储主席尼尔·卡什卡里表示，如果通胀持续存在，美联储今年可能根本不会降息，导致股价下跌。

Investors are eagerly anticipating Friday's March jobs report for insights into the Fed's next move, as the report holds significant weight in the central bank's data-driven monetary policy.

投资者热切期待周五的三月份就业报告，以了解美联储的下一步行动，因为该报告在美联储数据驱动的货币政策中占有重要地位。

By market close, the S&P 500, Dow, and Nasdaq had all declined by 1.23%, 1.35%, and 1.40%, respectively. The yield on the U.S. 10-year Treasury note, which had spiked to 4.43% yesterday, fell 2.77% on Thursday, settling at 4.305%. Gold also trended lower, having reached a record high of $2,305.63 earlier in the trading session, but has since retreated from that peak, currently trading at $2,285, a 0.9% drop from the high.

截至收盘，标普 500 指数、道指和纳斯达克指数均分别下跌 1.23%、1.35% 和 1.40%。美国10年期国债收益率昨天飙升至4.43%，周四下跌2.77%，收于4.305%。黄金也走低，在交易时段早些时候触及历史高点 2,305.63 美元，但此后已从该峰值回落，目前交易价格为 2,285 美元，较高点下跌 0.9%。

Rising Bitcoin Volatility

比特币波动性上升

TradingView data indicates that Bitcoin initiated the day with a dip to $65,070, but subsequently reversed course, climbing to a high of $69,370, reflecting a 6.62% turnaround. At the time of writing, BTC trades at $67,820, marking a 3.1% increase over the past 24 hours.

TradingView 数据显示，比特币当天开盘下跌至 65,070 美元，但随后逆转，攀升至 69,370 美元高点，涨幅为 6.62%。截至撰写本文时，BTC 交易价格为 67,820 美元，在过去 24 小时内上涨了 3.1%。

Market analyst Bloodgood cautions traders to be wary of another potential "fakeout" for Bitcoin. He observes that while Bitcoin's price surge on Thursday drew positive reactions, a higher low and lower high have formed on the daily timeframe, suggesting the formation of a symmetrical triangle. Bloodgood advises traders to wait for the weekly candle to close before reaching any firm conclusions.

市场分析师布拉德古德警告交易者警惕比特币的另一个潜在“假象”。他观察到，虽然比特币周四的价格飙升引起了积极反应，但日线图上已经形成了更高的低点和更低的高点，这表明对称三角形的形成。布拉德古德建议交易者等待每周蜡烛图收盘后再得出任何确定的结论。

With the Bitcoin halving approximately 16 days away, Bloodgood anticipates significant volatility and emphasizes the potential irrelevance of technical levels during such periods. He highlights the importance of holding the $68,000 level for continuation and expects bulls to fiercely defend it.

距离比特币减半还有大约 16 天，Bloodgood 预计将出现大幅波动，并强调在此期间技术水平可能不相关。他强调了维持 68,000 美元水平的重要性，并预计多头将大力捍卫这一水平。

Bloodgood emphasizes the significance of conviction in navigating the crypto market, citing Multicoin Capital's recent annual investor letter as an example. The firm reported a 9,000% return for their crypto hedge fund since its inception in 2017, including a 500% gain in 2023 alone. However, their 91.4% drawdown in 2022 serves as a stark reminder of the inherent volatility of crypto.

Bloodgood 引用 Multicoin Capital 最近的年度投资者信为例，强调了信念在加密货币市场中的重要性。该公司报告称，自 2017 年成立以来，其加密货币对冲基金的回报率为 9,000%，其中仅 2023 年就实现了 500% 的回报。然而，他们在 2022 年的 91.4% 的回撤清楚地提醒人们加密货币固有的波动性。

Growing Interest in Bitcoin

人们对比特币的兴趣日益浓厚

Despite the recent lull in Bitcoin price and ETF inflows, Zach Bruch, founder and CEO of MyPrize, maintains that "Interest in Bitcoin is continuously growing – from institutions and asset managers entering the space to countries putting Bitcoin on their balance sheets." He anticipates that demand will surge further post-halving.

尽管最近比特币价格和 ETF 资金流入平静，但 MyPrize 创始人兼首席执行官扎克·布鲁赫 (Zach Bruch) 坚称，“从进入该领域的机构和资产管理公司到将比特币纳入资产负债表的国家，人们对比特币的兴趣正在持续增长。”他预计减半后需求将进一步激增。

Bruch attributes the anticipated price increase after the halving to supply and demand dynamics. The reduction in mining rewards will decrease daily Bitcoin supply and alleviate sell pressure from miners. Consequently, combined with elevated demand from institutions and others entering the market, Bruch anticipates price appreciation, as has historically been observed following halvings. He also suggests that Bitcoin miner stocks may benefit during this market cycle.

布鲁赫将减半后预期的价格上涨归因于供需动态。挖矿奖励的减少将减少比特币的每日供应量并减轻矿工的抛售压力。因此，加上机构和其他进入市场的需求增加，布鲁赫预计价格会上涨，正如历史上减半后所观察到的那样。他还表示，比特币矿商股票可能会在这个市场周期中受益。

Alts Back on the Uptrend

Alt 重回上升趋势

Altcoins generally experienced an uptrend on Thursday, with the majority of tokens in the top 200 posting gains. Aragon (ANT) emerged as the top performer, rising by 43.2%. Pendle (PENDLE) followed closely with a 37.6% gain, while Nervos Network (CKB) advanced by 15.4%. The newly introduced meme coin 'cat in a dogs world' (MEW) suffered the greatest loss, dropping by 19.7%. Wormhole (W) declined by 18.9%, and Core (CORE) fell by 17%.

周四，山寨币普遍呈上升趋势，前 200 名中的大多数代币都出现上涨。 Aragon (ANT) 成为表现最好的股票，上涨 43.2%。 Pendle (PENDLE) 紧随其后，上涨 37.6%，Nervos Network (CKB) 上涨 15.4%。新推出的模因币“猫狗世界”（MEW）损失最大，下跌了 19.7%。虫洞（W）下跌18.9%，核心（CORE）下跌17%。

The total cryptocurrency market capitalization currently stands at $2.57 trillion, with Bitcoin maintaining a dominance rate of 52.6%.

目前加密货币总市值为2.57万亿美元，其中比特币保持着52.6%的主导地位。