在中国的打击下，美国加密货币市场趋于稳定

尽管有报道称中国监管机构对比特币进行了打击，但加密货币市场仍未受到影响。交易员认为，这些行动对于代币未来的成功来说是次要的，而且可能是暂时的。尽管中国交易所已自愿停止比特币和人民币之间的交易，并且政府可能会进一步干预，但比特币在过去一周仍上涨了 0.72%。

Cryptocurrency Market Unfazed by Chinese Regulatory Crackdown

加密货币市场并未受到中国监管打压的影响

New York, NY: Despite reports of a regulatory crackdown on bitcoin by Chinese authorities, the cryptocurrency market remains largely unperturbed.

纽约州纽约：尽管有报道称中国当局对比特币进行了监管打击，但加密货币市场基本上并未受到干扰。

On September 14, news emerged that Chinese regulators were demanding exchanges to cease bitcoin trading, triggering an initial sell-off that briefly pushed the price of bitcoin below $3,000 for the first time in over a month. However, within hours, bitcoin had recouped most of its losses.

9 月 14 日，有消息称，中国监管机构要求交易所停止比特币交易，引发了最初的抛售，比特币价格在一个多月以来首次短暂跌破 3000 美元。然而，几个小时内，比特币就收复了大部分损失。

Since then, several of China's largest cryptocurrency exchanges, including OKCoin and Huobi, have announced their plans to voluntarily halt bitcoin-yuan trading. Furthermore, reports of additional government interventions have surfaced.

此后，包括OKCoin和Huobi在内的中国几家最大的加密货币交易所已宣布计划自愿停止比特币人民币交易。此外，有关政府额外干预的报道也已浮出水面。

Despite these developments, bitcoin has gained nearly 0.72% over the past week, as investors and traders appear to be disregarding the recent headlines as peripheral to the long-term prospects of the digital currency.

尽管取得了这些进展，比特币在过去一周还是上涨了近 0.72%，因为投资者和交易者似乎忽视了最近的头条新闻，认为这些新闻与数字货币的长期前景无关。

Traders Dismiss Concerns

交易员消除担忧

Josh Olszwicz, a bitcoin trader, explained to Business Insider that the markets are overlooking the news from China because it has no bearing on the underlying blockchain technology of bitcoin.

比特币交易员 Josh Olszwicz 向 Business Insider 解释说，市场忽视了来自中国的消息，因为它与比特币的底层区块链技术无关。

"If it doesn't affect the protocol, then it's not a real problem," Olszwicz emphasized. "The bitcoin cash shakeup was much more worrisome from my perspective, but even then the core bitcoin protocol remained unaffected."

“如果它不影响协议，那么这不是一个真正的问题，”奥尔兹维茨强调。 “从我的角度来看，比特币现金的重组更加令人担忧，但即便如此，核心的比特币协议仍然没有受到影响。”

Olszwicz's comments underscore the growing belief that the success of cryptocurrencies is not contingent on regulatory approval or support from any particular country.

Olszwicz 的评论强调了人们日益相信加密货币的成功并不取决于任何特定国家的监管批准或支持。

"Countries can try and ban bitcoin all they want, but people will still use it if they need and want to - the protocol doesn't need government acceptance," Olszwicz stated.

Olszwicz 表示：“各国可以随心所欲地尝试禁止比特币，但如果他们需要并且想要的话，人们仍然会使用它——该协议不需要政府的认可。”

Temporary Regulatory Reaction

临时监管反应

Sebastian Quinn-Watson, of Blockchain Global, a bitcoin exchange operator, views the crackdown as a temporary response to the explosive growth of the cryptocurrency market this year.

比特币交易运营商 Blockchain Global 的 Sebastian Quinn-Watson 认为，此次打击行动是对今年加密货币市场爆炸性增长的临时反应。

Quinn-Watson believes that regulators were alarmed by the proliferation of initial coin offerings (ICOs), which have raised over $2 billion this year, and felt compelled to intervene to prevent a potential market crash. On September 4, Chinese regulators declared ICOs illegal.

Quinn-Watson 认为，监管机构对今年筹集了超过 20 亿美元的首次代币发行 (ICO) 的激增感到震惊，并感到有必要进行干预，以防止潜在的市场崩盘。 9 月 4 日，中国监管机构宣布 ICO 非法。

"By stepping in so dramatically and not allowing what would have been an almost inevitable crash in the crypto market, the regulators acted to ensure that investors did not irrevocably lose trust," Quinn-Watson said.

Quinn-Watson 表示：“通过如此戏剧性的介入，不允许加密货币市场发生几乎不可避免的崩盘，监管机构采取行动确保投资者不会不可挽回地失去信任。”

Quinn-Watson, who has had extensive discussions with regulators, anticipates a gradual shift in the regulatory stance.

奎因-沃森与监管机构进行了广泛讨论，他预计监管立场将逐渐转变。

"We do not see this halt as being long term," Quinn-Watson emphasized. "Innovation is a significant pillar of China's economic growth plan. Fintech as a subset of innovation is a very important part of this pillar. Blockchain is an important part of this mix. The PBOC has teams of developers building out use cases for blockchain."

奎因-沃森强调：“我们认为这种停止不会是长期的。” “创新是中国经济增长计划的重要支柱。金融科技作为创新的一个子集，是这一支柱的重要组成部分。区块链是这一组合的重要组成部分。中国人民银行拥有开发区块链用例的开发团队。”

Quinn-Watson disclosed that regulators are considering allowing companies to conduct ICOs through a government-supervised pilot program.

Quinn-Watson 透露，监管机构正在考虑允许公司通过政府监督的试点计划进行 ICO。

China's Declining Influence

中国影响力下降

Another factor contributing to the muted market reaction is the declining dominance of China in the cryptocurrency market. According to data from CoinDesk, bitcoin trading volume against the Chinese yuan has plummeted from nearly 90% at the end of 2016 to around 10-20% for much of 2017.

导致市场反应冷淡的另一个因素是中国在加密货币市场的主导地位下降。根据 CoinDesk 的数据，比特币兑人民币的交易量已从 2016 年底的近 90% 骤降至 2017 年大部分时间的 10-20% 左右。

"Many traders felt that China is becoming less of a market leader for bitcoin trading," Greg Dwyer, head of business development at BitMEX, a bitcoin mercantile exchange, told Business Insider.

比特币商品交易所 BitMEX 的业务开发主管格雷格·德怀尔 (Greg Dwyer) 告诉《商业内幕》：“许多交易者认为，中国在比特币交易方面的市场领导地位正在减弱。”

Dwyer pointed to the recent milestone achieved by BitMEX, which traded over $1 billion in notional value in a single day, as evidence of the strong market demand for bitcoin.

Dwyer 指出 BitMEX 最近实现的里程碑，单日交易额超过 10 亿美元，这证明了市场对比特币的强劲需求。

Differing Perspectives

不同的观点

Despite the optimism expressed by Quinn-Watson and others, not all experts share their view. Jim Stent, author of "China's Banking Transformation," believes that China's crackdown is permanent.

尽管奎因-沃森和其他人表达了乐观态度，但并非所有专家都同意他们的观点。 《中国银行业转型》一书的作者吉姆·斯坦特认为，中国的打压是永久性的。

"I see the crackdown on bitcoin as part of this larger multi-agency program to reduce financial sector risk, which will unfold over months and probably years," Stent said. "I do not see risk reduction as something temporary, nor do I see the bitcoin crackdown as temporary."

斯坦特表示：“我认为对比特币的打击是这个旨在降低金融部门风险的大型多机构计划的一部分，该计划将在数月甚至数年内展开。” “我不认为降低风险是暂时的，也不认为对比特币的打击是暂时的。”

Conclusion

结论

The cryptocurrency market's resilience in the face of Chinese regulatory measures highlights the growing maturity and diversification of the industry. While regulatory uncertainty will likely continue to create volatility in the short term, the long-term prospects for cryptocurrencies remain promising.

面对中国监管措施，加密货币市场的弹性凸显了该行业的日益成熟和多元化。尽管监管的不确定性可能会在短期内继续造成波动，但加密货币的长期前景仍然充满希望。