通胀降温推动比特币飙升至 6.6 万美元

受美国通胀放缓的推动，比特币 4 月份飙升 7%，重回 66,000 美元大关。国内市场也出现反弹，比特币突破了9200万韩元大关。此外，随着比特币现货交易所交易基金（ETF）吸引大量净流入，风险资产普遍上涨。值得注意的是，以太坊的替代品 Solana 以两位数的增长率跑赢了比特币，而以太坊的复苏在其现货 ETF 审查之前相对较弱。

Bitcoin Soars 7%, Recovering to $66,000 Level as US Inflation Cools

随着美国通胀降温，比特币飙升 7%，恢复至 66,000 美元水平

The cryptocurrency market witnessed a significant surge in April, with Bitcoin leading the charge, recovering its value to $66,000. This remarkable uptrend coincides with a slowdown in the US Consumer Price Index (CPI), injecting renewed confidence in riskier assets.

4 月份加密货币市场大幅上涨，比特币领涨，价格回升至 66,000 美元。这一显着的上升趋势恰逢美国消费者价格指数（CPI）放缓，为风险资产注入了新的信心。

On the domestic front, Bitcoin reclaimed the 92 million won mark in South Korea, a testament to its robust performance. The positive momentum has also extended to Bitcoin spot exchange-traded funds (ETFs), which have expanded their net inflows, further bolstering the digital currency's appeal.

在国内方面，比特币在韩国重回 9200 万韩元大关，证明了其强劲表现。积极的势头也延伸到了比特币现货交易所交易基金（ETF），它们扩大了净流入，进一步增强了数字货币的吸引力。

Among altcoins, Solana, a popular alternative to Ethereum, has garnered attention by recording a surge that doubled Bitcoin's growth rate. In contrast, Ethereum's rebound has fallen short of Bitcoin's, despite the approaching date for the review of its spot ETF application.

在山寨币中，Solana 是以太坊的热门替代品，它的涨幅使比特币的增长率翻了一番，从而引起了人们的关注。相比之下，尽管以太坊现货 ETF 申请的审查日期临近，但以太坊的反弹仍不及比特币。

Altcoins Exhibit Varied Performances

山寨币表现各异

Ethereum, whose spot ETFs submitted by US asset manager VanEck are slated for review on the 23rd, has exhibited a comparatively subdued rebound. The latest figures indicate a 4.06% rise in its value over the past 24 hours, trailing Bitcoin's 6.74% growth. Market consensus suggests that the Ethereum spot ETF may face challenges in gaining approval.

美国资产管理公司 VanEck 提交的以太坊 ETF 将于 23 日接受审核，以太坊的反弹相对温和。最新数据显示，过去 24 小时内其价值上涨了 4.06%，落后于比特币 6.74% 的涨幅。市场普遍认为，以太坊现货ETF在获得批准方面可能面临挑战。

Solana, on the other hand, has surged 13.46%, demonstrating its resilience. Ripple, embroiled in an ongoing legal battle with the US Securities and Exchange Commission (SEC), has also exhibited a moderate increase of 3.20%. Dogecoin, a prominent meme coin, has registered a 7.15% gain.

另一方面，Solana 则飙升了 13.46%，展现了其韧性。卷入与美国证券交易委员会（SEC）持续法律纠纷的 Ripple 也出现了 3.20% 的小幅上涨。狗狗币是一种著名的模因币，上涨了 7.15%。

Inflation Slowdown Fuels Sentiment

通胀放缓助推市场情绪

The rise in cryptocurrency prices on this trading day has been attributed to a slowdown in inflation indicators in the United States. The US Labor Department reported an increase of 0.3% in CPI over the previous month, slightly below market forecasts of 0.4%.

本交易日加密货币价格上涨归因于美国通胀指标放缓。美国劳工部公布CPI环比上涨0.3%，略低于市场预期的0.4%。

Year-over-year, CPI rose by 3.4% in April, decelerating from the previous month's 3.5%. Excluding volatile food and energy prices, the core CPI also eased its monthly increase to 0.3% and its annual gain to 3.6%.

4月份CPI同比上涨3.4%，涨幅较上月的3.5%有所回落。剔除波动较大的食品和能源价格后，核心CPI月度涨幅也放缓至0.3%，年涨幅降至3.6%。

Rate Cut Expectations Rise

降息预期上升

The moderation in inflation indicators has fueled expectations for a rate cut by the US Federal Reserve (Fed). According to CME Group's FedWatch tool, the probability of a rate freeze in September now stands at 24.7%, while the probability of a 25 basis point cut has risen to 52.7%. Including the possibility of a rate cut exceeding 25 basis points, the likelihood of a rate cut in September has reached 75.3%.

通胀指标的温和加剧了美联储降息的预期。根据芝商所的FedWatch工具，9月份冻结利率的概率目前为24.7%，而降息25个基点的概率则升至52.7%。包括超过25个基点的降息可能性，9月份降息的可能性已达到75.3%。

Bitcoin ETFs Witness Net Inflows

比特币 ETF 见证净流入

Bitcoin spot ETFs have also experienced a surge in net inflows. Fidelity's FBTC saw an influx of $131.3 million on the 15th (local time), while Grayscale's GBTC, which had previously witnessed net outflows, received $27 million.

比特币现货ETF也经历了净流入激增。富达 (Fidelity) 的 FBTC 15 日（当地时间）流入 1.313 亿美元，而此前出现净流出的灰度 (Grayscale) 的 GBTC 流入 2700 万美元。

Despite the unavailability of data for BlackRock's IBIT, the overall fund flow of the nine ETFs is expected to continue with net inflows for three consecutive trading days. The scale of net inflow has also been on a gradual uptrend since the 13th.

尽管贝莱德IBIT数据尚未公布，但预计9只ETF整体资金流向将持续连续三个交易日净流入。 13日以来净流入规模也呈逐步上升趋势。

Analysts Signal Bitcoin's Potential Low

分析师暗示比特币的潜在低点

Analysts have suggested that Bitcoin may have reached or is approaching its low point. According to CryptoQuant analyst maartunn, the surrender of miners is believed to have occurred on the 14th (local time).

分析师表示，比特币可能已经达到或正在接近其低点。 CryptoQuant分析师maartunn表示，矿工投降据信发生在14日（当地时间）。

Miner surrender refers to a situation where miners discontinue mining operations due to decreasing profitability. This occurs when the difficulty of mining increases after a halving event, leading miners to power off their mining equipment, thereby reducing mining computing power (hashrate).

矿工放弃是指矿工因盈利能力下降而停止挖矿作业的情况。当减半事件后挖矿难度增加，导致矿工关闭挖矿设备，从而降低挖矿算力（算力）时，就会出现这种情况。

The hash ribbon indicator, which captures trends in hashrate, has identified this point of miner surrender. Historically, such situations have often coincided with price lows. However, it is important to note that the low point may materialize days or weeks after the miner surrender signal is observed.

捕获算力趋势的哈希带指标已经确定了矿工投降的这一点。从历史上看，这种情况往往与价格低点同时发生。然而，值得注意的是，低点可能会在观察到矿工投降信号后数天或数周内出现。