聯準會維持利率不變，比特幣進一步暴跌

儘管備受期待的聯準會宣布將利率維持在5.25%-5.50%不變，但比特幣（BTC）仍繼續經歷下跌趨勢。利率暫緩措施的缺乏，加上持續存在的通膨擔憂，進一步抑制了比特幣的情緒，導致比特幣在過去 24 小時內回升 0.25%，在過去一周下跌 8%。

Federal Reserve Maintains Interest Rates, Exacerbating Bitcoin's Downward Spiral

聯準會維持利率不變，加劇比特幣的下行螺旋

On Tuesday, the United States Federal Reserve announced its decision to hold interest rates steady within the 5.25%-5.50% range, a widely anticipated move given the recent inflation data and statements from Central Bank Chair Jerome Powell.

週二，美國聯邦儲備委員會宣布決定將利率穩定在 5.25%-5.50% 的範圍內，考慮到最近的通膨數據和央行主席鮑威爾的聲明，這一舉措受到廣泛預期。

The decision comes amidst concerns over rising inflation, with the Consumer Price Index (CPI) report for March indicating a 3.8% increase in core inflation and a 3.5% increase in headline inflation, significantly higher than previous figures.

這項決定是在對通膨上升的擔憂之際作出的，3月份消費者物價指數（CPI）報告顯示核心通膨率上升3.8%，整體通膨率上升3.5%，顯著高於先前的數據。

Powell has repeatedly emphasized that interest rate cuts will only be considered if there is "greater confidence that inflation is moving sustainably toward 2%." As the most recent data suggests otherwise, the Fed has opted to maintain the status quo for the time being.

鮑威爾一再強調，只有“對通膨持續接近2%更有信心”，才會考慮降息。正如最新數據所表明的那樣，聯準會選擇暫時維持現狀。

However, the central bank has indicated its willingness to "carefully assess incoming data and the evolving outlook" before making any adjustments to the rate parameters. Some analysts speculate that the approaching US Presidential election could prompt the government to consider rate cuts as a means of appeasing voters and businesses.

然而，央行已表示願意在對利率參數進行任何調整之前「仔細評估傳入數據和不斷變化的前景」。一些分析人士推測，即將到來的美國總統大選可能會促使政府考慮降息，以此作為安撫選民和企業的手段。

Bitcoin's Continued Decline

比特幣持續下跌

Since the halving event, Bitcoin's value has been on a downward trajectory, dragging the entire cryptocurrency market down with it. The slump has been evident in the US spot Bitcoin exchange-traded fund (ETF) market, where outflows have overshadowed inflows, breaking BlackRock's streak of positive inflows. The lackluster performance of newly launched spot Bitcoin and Ethereum (ETH) ETFs in Hong Kong has also been attributed to the declining prices.

自減半事件以來，比特幣的價值一直處於下跌趨勢，拖累了整個加密貨幣市場。美國現貨比特幣交易所交易基金（ETF）市場的下滑十分明顯，資金流出超過了資金流入，打破了貝萊德連續的正資金流入記錄。香港新推出的現貨比特幣和以太幣 (ETH) ETF 表現不佳也歸因於價格下跌。

As of Wednesday, 11:00 AM UTC, Bitcoin is trading at $57,800, showing a slight 0.25% recovery over the past 24 hours. Despite the modest gain, the cryptocurrency remains approximately 8% and 12% below its seven-day and one-month values, respectively.

截至週三上午 11:00 UTC，比特幣交易價格為 57,800 美元，在過去 24 小時內小幅回升 0.25%。儘管漲幅不大，但該加密貨幣仍分別比 7 天和 1 個月的價值低約 8% 和 12%。

Grayscale Investments Head of Research Zach Pandl believes that the current interest rate environment has favored the US dollar and negatively impacted Bitcoin. However, he suggests that sentiment could shift towards Bitcoin if optimism surrounding interest rate cuts gains momentum.

Grayscale Investments 研究主管 Zach Pandl 認為，當前的利率環境有利於美元，但對比特幣產生了負面影響。然而，他表示，如果圍繞降息的樂觀情緒增強，市場情緒可能會轉向比特幣。

Contrarian Viewpoints

逆向觀點

SchiffGold CEO Peter Schiff, known for his skepticism towards Bitcoin, has seized the opportunity to criticize the cryptocurrency. In his view, Bitcoin's decline signals the end of its bull run, emphasizing its 23% decrease in dollar value and 33% decrease when measured against gold, with one Bitcoin now worth less than 25 ounces. Schiff's analysis suggests a bearish shift in market sentiment towards Bitcoin.

SchiffGold 執行長 Peter Schiff 以對比特幣持懷疑態度而聞名，他抓住了這個機會批評這種加密貨幣。在他看來，比特幣的下跌標誌著多頭市場的結束，強調其美元價值下跌了 23%，以黃金衡量則下跌了 33%，目前 1 個比特幣的價值不到 25 盎司。希夫的分析表明，市場情緒轉向比特幣。

Despite the hype surrounding Bitcoin ETFs, the cryptocurrency's price action indicates a clear bear market. The decline raises concerns about its future trajectory and能否 recover from its recent losses.

儘管圍繞比特幣 ETF 進行了大肆宣傳，但加密貨幣的價格走勢表明了明顯的熊市。這種下跌引發了人們對其未來軌跡以及能否從近期損失中恢復的擔憂。