随着宽松的美国货币希望破灭，加密货币低迷加剧

Pepe、dogwifhat 和 Bonk 等深受 Meme 青睐的加密货币在过去 24 小时内暴跌，拖累小型数字资产跌幅创两周多来最大单日跌幅。此次回落进一步表明，近期的加密货币涨势（包括比特币创下历史新高）已在四月份开始失去动力。

Crypto Downturn Intensifies Amidst Waning Hopes for Loose US Monetary Policy

美国宽松货币政策希望渺茫，加密货币低迷加剧

As the path towards a more accommodative monetary policy in the United States becomes increasingly elusive, the speculative fervor that has buoyed the cryptocurrency market is showing signs of faltering.

随着美国采取更加宽松的货币政策的道路变得越来越难以捉摸，提振加密货币市场的投机热情正显示出动摇的迹象。

Meme Coins and Smaller Digital Assets Plunge

Meme 币和较小的数字资产暴跌

Coins that have been popular with the meme-trading crowd, such as Pepe, dogwifhat, and Bonk, have all suffered significant declines over the past 24 hours. This sell-off has contributed to a broader downturn in the gauge of smaller digital assets, which experienced its steepest daily drop in over two weeks on Monday.

Pepe、dogwifhat 和 Bonk 等深受 meme 交易人群欢迎的代币在过去 24 小时内均出现大幅下跌。这种抛售导致小型数字资产指标出现更广泛的下滑，该资产周一经历了两周多以来的最大单日跌幅。

Bitcoin Momentum Wanes

比特币势头减弱

The retreat in smaller crypto assets comes as Bitcoin, the largest cryptocurrency by market capitalization, has also lost some of its upward momentum. Bitcoin's price has fallen by approximately 6% since hitting a record high of $73,798 in mid-March.

随着市值最大的加密货币比特币也失去了部分上涨动力，小型加密资产的撤退也随之而来。自 3 月中旬触及历史新高 73,798 美元以来，比特币价格已下跌约 6%。

Factors Contributing to the Downturn

导致经济衰退的因素

Several factors are contributing to the current crypto sell-off. One key factor is the cooling of inflows into US spot-Bitcoin exchange-traded funds (ETFs). These ETFs had been a major source of demand for Bitcoin earlier this year, but the pace of inflows has slowed in recent weeks.

有几个因素导致了当前的加密货币抛售。一个关键因素是流入美国现货比特币交易所交易基金（ETF）的资金降温。这些 ETF 一直是今年早些时候比特币需求的主要来源，但最近几周资金流入的速度有所放缓。

Additionally, a more cautious mood has pervaded global markets amid lingering inflationary pressures in the United States. This has led investors to curb their expectations of a significant loosening of monetary policy by the Federal Reserve, a development that had previously been seen as positive for speculative markets like cryptocurrencies.

此外，在美国通胀压力挥之不去的情况下，全球市场弥漫着更加谨慎的情绪。这导致投资者抑制了对美联储大幅放松货币政策的预期，这一进展此前被视为对加密货币等投机市场有利。

Upcoming Bitcoin Halving Event

即将到来的比特币减半事件

Despite the current downturn, some analysts remain optimistic about Bitcoin's long-term prospects. The cryptocurrency's supply of new tokens is set to halve this month, a quadrennial event that some traders view as a potential catalyst for price appreciation.

尽管当前经济低迷，一些分析师仍然对比特币的长期前景持乐观态度。这种加密货币的新代币供应量将于本月减半，这是四年一度的事件，一些交易员认为这是价格升值的潜在催化剂。

However, the broader market conditions and the trajectory of US monetary policy remain key factors that will shape the future direction of the cryptocurrency market. Investors are advised to proceed with caution and carefully consider the risks associated with investing in this highly volatile asset class.

然而，更广泛的市场状况和美国货币政策的轨迹仍然是决定加密货币市场未来方向的关键因素。建议投资者谨慎行事，并仔细考虑投资这种高度波动的资产类别的相关风险。

Additional Market Insights

额外的市场洞察

• An index of the top 100 digital tokens rose by 61% during the first three months of the year, marking the largest gain since the same period in 2021.
• Investors are now anticipating fewer interest rate cuts by the Fed, which has led to higher Treasury yields and a stronger US dollar, creating a headwind for speculative markets like cryptocurrencies.
• Bitcoin was trading at $69,420 as of 9:58 AM Tuesday in Singapore, extending a decline of about 1.5% from the previous trading session in the United States.
• The cryptocurrency market is highly dynamic and prices can fluctuate rapidly, making it crucial for investors to have access to reliable information and analysis.

排名前 100 的数字代币指数今年前三个月上涨了 61%，创下 2021 年同期以来的最大涨幅。投资者现在预计美联储降息幅度将会减少，这导致国债价格上涨收益率和美元走强，给加密货币等投机市场带来了阻力。截至新加坡周二上午 9:58，比特币交易价格为 69,420 美元，较美国前一交易日下跌约 1.5%。市场高度动态，价格可能迅速波动，因此投资者获得可靠的信息和分析至关重要。