在強勁的一年過後，比特幣徘徊在 7 萬美元以上；五個因素可能導致價格上漲

Bitcoin has fallen 0.2% over the past 24 hours to $70,504 and remained below yesterday’s high of $72,694 in early trading Tuesday. The world’s largest crypto asset has had a good few days, rising from around $66,000 Friday, and an even better year—it’s up 68% in 2024. Ether —the second largest cryptocurrency—jumped 5.9% to $3,642, while Solana fell 1.1%, Dogecoin dropped 4.9%, Cardano was up 2.4% and Shiba Inu edged 0.3% higher.

週二早盤交易中，比特幣在過去 24 小時內下跌 0.2%，至 70,504 美元，仍低於昨天的高點 72,694 美元。全球最大的加密資產已經度過了好幾天，從週五的66,000 美元左右上漲，今年的表現甚至更好- 2024 年上漲了68%。第二大加密貨幣Ether 上漲5.9% 至3,642 美元，而Solana 下跌1.1%，狗狗幣下跌 4.9%，卡爾達諾上漲 2.4%，柴犬小漲 0.3%。

Deutsche Bank analysts Marion Laboure and Cassidy Ainsworth-Grace said there were five reasons Bitcoin prices could remain high—the approval of spot Bitcoin ETFs, expectations of Ethereum spot ETF approvals, Bitcoin’s so-called halving event, central banks starting to cut rates, and potential regulatory changes.

德意志銀行分析師Marion Laboure 和Cassidy Ainsworth-Grace 表示，比特幣價格可能保持高位有五個原因：現貨比特幣ETF 的批准、以太坊現貨ETF 批准的預期、比特幣所謂的減半事件、央行開始降息以及潛在的監管變化。

The halving—when the rate of new token issuance is cut in half—is likely to be the first of those catalysts and is expected to happen in the next two weeks.

減半（即新代幣發行率減半）可能是第一個催化劑，預計在未來兩週內發生。

But central banks lowering borrowing costs is another catalyst on the horizon. They noted that Federal Reserve rate cuts in 2020, in response to the Covid-19 pandemic, supported the subsequent rally in cryptocurrency. 

但央行降低借貸成本是即將到來的另一個催化劑。他們指出，聯準會在 2020 年為應對 Covid-19 大流行而降息，支持了加密貨幣隨後的反彈。

“Our economists expect central banks in the G-7 economies will pivot to a more accommodative stance over the coming months. This is expected to fuel rising risk appetite and increased market liquidity. More investors will likely seek out higher-yielding alternative assets,” they said.

「我們的經濟學家預計七國集團經濟體的央行將在未來幾個月轉向更寬鬆的立場。預計這將推動風險偏好上升並增加市場流動性。更多投資者可能會尋求收益更高的另類資產，」他們表示。

Write to Callum Keown at callum.keown@barrons.com

寫信給 Callum Keown：callum.keown@barrons.com