股票指数波动率与比特币达到同等水平

在不寻常的事件中，最近的数据表明，股票指数波动率达到了高水平，这使其与世界上最受欢迎的加密货币比特币的波动率相提并论。

In a surprising turn of events, recent data from Nasdaq composites showed that stock index volatility has reached levels comparable to the volatility of the world’s most popular cryptocurrency, Bitcoin.

在令人惊讶的事件中，纳斯达克复合材料的最新数据表明，股票指数波动率已达到与世界上最受欢迎的加密货币比特币的波动性相当的水平。

The relatively stable traditional asset markets tested turbulent waters thanks to last week’s market activities that saw investors reacting to the tariffs issued by President Donald Trump.

相对稳定的传统资产市场测试了动荡的水域，这要归功于上周的市场活动使投资者对唐纳德·特朗普总统签发的关税做出了反应。

Bitcoin, often recognized for its high volatility and sharp price swings, saw its 30-day realized volatility fall to 46.4% on April 10, surpassed by Nasdaq’s 21-day realized volatility which reached 59.8% according to Dow Jones Market Data.

比特币经常因其高波动性和尖锐的价格波动而被认可，其30天实现的波动性下降至4月10日的46.4％，纳斯达克（Nasdaq）的21天实现的波动性超过了59.8％，根据道德·琼斯（Dow Jones）的市场数据，其波动性降至59.8％。

It’s worth noting that Bitcoin trades around the clock, 24 hours a day, seven days a week, while U.S. equities only trade on weekdays from 9:30 a.m. to 4 p.m. ET. This wider trading window can sometimes smooth out extreme fluctuations in crypto as pointed out by analysts.

值得注意的是，比特币每周7天每天24小时全天候交易，而美国股票仅在美国东部时间上午9:30至下午4点在工作日进行交易。正如分析师指出的那样，这个更广泛的交易窗口有时会平息加密中的极端波动。

However, the market experienced some resurgence on Monday, ending on a high note after the Trump administration announced that it would exempt smartphones, electronic integrated circuits, and some consumer-electronics products as well as machines used in making semiconductors from the tariffs.

但是，在特朗普政府宣布将免除智能手机，电子综合电路以及一些消费者电子产品以及用于从关税中制造半导体的机器之后，市场在周一经历了一些复兴，以高音结尾。

Although the White House has added that these exemptions were temporary.

尽管白宫补充说这些豁免是暂时的。

Tariffs affect the stock market more directly as they impact the actual companies listed there and their profit margins, which in turn impacts consumer and investors’ confidence. Bitcoin, on the other hand, is relatively insulated or not as impacted by the effects of tariffs.

关税会影响股票市场的影响，因为它们影响那里列出的实际公司及其利润率，这反过来影响了消费者和投资者的信心。另一方面，比特币是相对隔热或不受关税影响的影响。

Greg Magadini, the director of derivatives at crypto-data platform Amberdata, has also highlighted another guardrail for Bitcoin’s volatility. Magadini noted that Bitcoin’s volatility has been on a decline in part due to institutional involvement, especially after the launch of Bitcoin exchange-traded funds (ETFs) last year.

Crypto-Data平台Amberdata的衍生工具总监Greg Magadini还强调了比特币波动性的另一个护栏。 Magadini指出，比特币的波动率在某种程度上是由于机构的参与而下降的，尤其是在去年由比特币交易所交易基金（ETF）推出之后。

The Donald Trump administration is known to have a pro-crypto regulatory stance, which stakeholders also see as influential in relatively stabilizing Bitcoin. The president signed executive orders to create a federal framework for digital asset regulation and even proposed the establishment of a national Bitcoin reserve.

众所周知，唐纳德·特朗普（Donald Trump）的政府具有亲克莱普托（Crypto）的监管立场，利益相关者还认为这在相对稳定的比特币方面具有影响力。总统签署了执行命令，以为数字资产法规创建联邦框架，甚至提议建立国家比特币储备。

Trump’s stance on crypto marks a major shift from the Biden administration. Under the new administration, the Securities and Exchange Commission has dismissed lawsuits against several crypto companies, and the President has pardoned some players in the crypto space convicted for crypto-related crimes, such as former BitMEX CEO Arthur Hayes.

特朗普对加密货币的立场标志着比登政府的重大转变。在新政府的领导下，美国证券交易委员会（Securities and Exchange Commission）驳回了针对多家加密货币公司的诉讼，总统将一些因与加密货币相关的犯罪定罪的加密货币空间中的一些参与者赦免，例如前Bitmex首席执行官Arthur Hayes。

The reduction of speculative volatility may be attributed to these moves boosting institutional confidence in Bitcoin.

投机性波动率的降低可能归因于这些举动，从而提高了对比特币的机构信心。

While it remains to be seen whether this trend continues, the recent convergence in volatility between equities and Bitcoin suggests a changing narrative.

尽管这种趋势是否继续存在尚待观察，但股票和比特币之间波动率的最新融合表明叙事发生了变化。