美国：经济数据和情绪疲软导致加密货币暴跌

在动荡的加密货币市场中，主要参与者比特币、以太坊和 Bonk 都经历了大幅下跌。 ISM 工厂指数呈正值表明，对通胀的担忧已导致投资者因预期利率持续高企而放弃包括加密货币在内的投机资产。预计 2024 年 6 月不会降息，这进一步加剧了市场的负面情绪。

Cryptocurrencies Tumble Amidst Economic Data and Weakening Sentiment

加密货币因经济数据和情绪疲软而暴跌

Today's cryptocurrency market has witnessed a sharp sell-off, with major digital assets experiencing significant declines. As of 1:45 p.m. ET, the value of Bitcoin (BTC) has plummeted by 2.8%, Ethereum (ETH) has nosedived by 5.2%, and Bonk (BONK) has suffered a devastating 10.27% loss. This market downturn has been attributed to a confluence of factors, including the release of pivotal economic data and a shift in investor sentiment.

当今的加密货币市场出现了大幅抛售，主要数字资产均出现大幅下跌。截至下午 1:45截至美东时间，比特币（BTC）价值暴跌2.8%，以太坊（ETH）暴跌5.2%，邦克（BONK）遭受毁灭性10.27%的损失。此次市场低迷是多种因素共同作用的结果，包括关键经济数据的发布和投资者情绪的转变。

Economic Indicators Dampen Cryptocurrency Rally

经济指标抑制加密货币涨势

The primary catalyst for today's crypto sell-off is the release of the Institute for Supply Management (ISM) factory index for March, which revealed a surprising improvement of 2.5% to 50.3%. A reading above 50% indicates an expanding manufacturing sector, deviating from the previous 16 months of anticipated declines.

今天加密货币抛售的主要催化剂是供应管理协会 (ISM) 3 月份工厂指数的发布，该指数显示出惊人的增长 2.5% 至 50.3%。高于 50% 的读数表明制造业正在扩张，偏离了之前 16 个月的预期下降。

Investors have interpreted this data as a sign of resilience in the economy, despite the recent increase in interest rates. This perception diminishes the likelihood of the Federal Reserve cutting rates to stimulate the economy, which had been a key driver of cryptocurrency speculation in recent months.

尽管近期利率有所上升，但投资者仍将这一数据解读为经济复苏的迹象。这种看法降低了美联储降息刺激经济的可能性，而经济一直是近几个月加密货币投机的主要驱动力。

Bond traders have now reduced their expectations for a rate cut in June 2024 to below 50%, a significant shift from earlier in the year. This adjustment in market sentiment towards interest rates has negatively impacted cryptocurrencies, as investors unwind their bullish positions.

债券交易员现已将 2024 年 6 月降息的预期降低至 50% 以下，与今年早些时候相比发生了重大转变。随着投资者平仓，市场情绪对利率的调整对加密货币产生了负面影响。

Correlation with Tech Stocks and ETFs

与科技股和 ETF 的相关性

Cryptocurrencies have exhibited a strong correlation with technology and high-growth stocks, and their recent rally has been fueled in part by the anticipation of lower interest rates. However, as the thesis of falling rates weakens, it is not surprising to witness a sell-off in digital assets.

加密货币与科技和高增长股票表现出很强的相关性，其近期的上涨在一定程度上是由于利率下降的预期推动的。然而，随着利率下降的论点减弱，数字资产遭到抛售也就不足为奇了。

The influence of Bitcoin exchange-traded funds (ETFs) has also played a role in the crypto market's trajectory. These investment vehicles have attracted billions of dollars into the industry but have recently experienced outflows. This outflow, while partially reversed later in the week, has contributed to the downturn.

比特币交易所交易基金（ETF）的影响也在加密货币市场的轨迹中发挥了作用。这些投资工具吸引了数十亿美元进入该行业，但最近出现了资金外流。这种资金外流虽然在本周晚些时候部分逆转，但却导致了经济低迷。

Ethereum has benefited from speculation surrounding the potential approval of ETFs for the asset in the coming months. However, such approvals are uncertain in the current regulatory landscape. Without this catalyst, Ethereum's value may face downward pressure.

以太坊受益于围绕未来几个月该资产 ETF 可能获得批准的猜测。然而，在当前的监管环境下，此类批准存在不确定性。如果没有这种催化剂，以太坊的价值可能会面临下行压力。

Bonk Mirrors Market Sentiment

邦克反映了市场情绪

Bonk, a meme coin that has emerged as a Dogecoin alternative, has followed the broader market sentiment today. Its speculative nature and lack of inherent value have made it susceptible to market swings.

Bonk 是一种模因币，作为狗狗币的替代品而出现，它跟随了当今更广泛的市场情绪。其投机性质和缺乏内在价值使其容易受到市场波动的影响。

Outlook for Cryptocurrencies

加密货币的展望

The major catalysts that fueled the crypto market's rally in 2024 are now largely behind us. Bitcoin's ETFs have boosted awareness and investment, while speculation based on interest rates has been overdone. This leaves the market driven by fundamentals, which may not provide a favorable environment for digital assets.

推动 2024 年加密货币市场上涨的主要催化剂现在基本上已经过去了。比特币 ETF 提高了人们的认识和投资，而基于利率的投机则有些过头了。这使得市场受到基本面的驱动，这可能不会为数字资产提供有利的环境。

Bitcoin's status as "digital gold" may lend it some value, but its speculative nature remains a dominant factor. Ethereum's promise of real-world use cases in finance and digital assets has been hampered by its slow and expensive nature, allowing other blockchains to gain traction.

比特币作为“数字黄金”的地位可能会给它带来一些价值，但其投机性质仍然是一个主导因素。以太坊对金融和数字资产现实世界用例的承诺因其缓慢且昂贵的性质而受到阻碍，这使得其他区块链获得了吸引力。

Bonk's meme-driven rise may have provided a brief surge, but its trajectory remains uncertain. Without a clear catalyst, all three cryptocurrencies are at risk of further decline in the coming months as investors seek more fundamental value in the market.

邦克由迷因驱动的崛起可能带来了短暂的飙升，但其轨迹仍然不确定。如果没有明确的催化剂，随着投资者在市场上寻求更基本的价值，这三种加密货币在未来几个月都面临进一步下跌的风险。