尽管看涨，加密货币市场仍出现回调

加密货币市场在过去24小时内下跌了0.9%，总市值为2.48万亿美元。比特币已经逆转了相同的金额，而以太坊则保持不变。 Solana 下跌 3.1%，Dogecoin 又下跌 4%，BNB 上涨 4.2%，Toncoin 上涨 0.3%。加密货币恐惧和贪婪指数已回落至 70，为 2 月 14 日以来的最低水平。

Crypto Market Falters Amidst Bullish Uncertainties

加密货币市场在看涨的不确定性中动摇

The cryptocurrency market took a step back on Wednesday, shedding 0.9% of its valuation in the past 24 hours. This reversal has wiped out the market's capitalization to $2.48 trillion, marking its lowest point in the last week and a half.

加密货币市场周三回落，过去 24 小时内估值下跌 0.9%。这一逆转使市场总市值跌至 2.48 万亿美元，创下过去一周半以来的最低点。

Bitcoin, the market's bellwether, followed suit with a 0.9% decline, retreating to $65,500. While the largest cryptocurrency has found support near its $65,000 mark, its inability to sustain upward momentum despite external tailwinds has raised concerns. The weaker dollar and bullish stock indices, which typically fuel risk appetite, failed to ignite significant upward action in the cryptocurrency market.

市场领头羊比特币也随之下跌 0.9%，回落至 65,500 美元。尽管这种最大的加密货币在 65,000 美元大关附近找到了支撑，但尽管外部有利，但其仍无法维持上涨势头引发了担忧。美元走软和股指看涨通常会刺激风险偏好，但未能引发加密货币市场的大幅上涨。

The top altcoins presented a mixed bag of performances. Ethereum held steady at $3,300, while Solana dropped 3.1% and Dogecoin tumbled another 4%. On the brighter side, Binance Coin (BNB) surged 4.2% and Toncoin gained a modest 0.3%. The overall market sentiment, as measured by the Cryptocurrency Fear and Greed Index, has retreated to 70, its lowest level since mid-February.

顶级山寨币的表现好坏参半。以太坊稳定在 3,300 美元，而 Solana 下跌 3.1%，狗狗币又下跌 4%。从好的一面来看，币安币 (BNB) 飙升 4.2%，Toncoin 则小幅上涨 0.3%。以加密货币恐惧和贪婪指数衡量的整体市场情绪已回落至 70，为 2 月中旬以来的最低水平。

Analysts attribute the market's lackluster performance to overbought conditions and apprehension ahead of the highly anticipated non-farm payroll (NFP) report, which will shed light on the health of the US labor market. However, they caution against interpreting this weakness as a sign of a long-term reversal, viewing it instead as a consolidation within the ongoing bull market.

分析师将市场表现低迷归因于超买状况和备受期待的非农就业报告（NFP）发布之前的担忧，该报告将揭示美国劳动力市场的健康状况。然而，他们警告不要将这种疲软解释为长期逆转的迹象，而是将其视为持续牛市的盘整。

Behind the scenes, the cryptocurrency landscape continues to evolve rapidly. Spot trading volume on cryptocurrency exchanges reached a staggering $2.5 trillion in March, according to insights from The Block. This represents the highest volume since November 2021, rivaling the peak of $4.1 trillion set in May 2021.

在幕后，加密货币格局继续快速发展。根据 The Block 的数据，3 月份加密货币交易所的现货交易量达到惊人的 2.5 万亿美元。这是自 2021 年 11 月以来的最高交易量，可与 2021 年 5 月创下的 4.1 万亿美元峰值相媲美。

Spot bitcoin-ETF trading volume also shattered records in March, nearly tripling from the previous month to $111 billion, according to data compiled by Bloomberg. Three exchange-traded funds from Grayscale (GBTC), BlackRock (IBIT), and Fidelity (FBTC) continue to dominate this market segment, despite GBTC experiencing significant outflows totaling $15 billion since its inception.

根据彭博社汇编的数据，3 月份比特币 ETF 现货交易量也打破了纪录，比上个月增长了近两倍，达到 1110 亿美元。尽管 GBTC 自成立以来经历了总计 150 亿美元的大规模资金外流，但来自 Grayscale (GBTC)、BlackRock (IBIT) 和 Fidelity (FBTC) 的三只交易所交易基金继续主导该细分市场。

Eric Balchunas, an ETF expert at Bloomberg, suggests that the resurgence of gold's appeal among speculative investors may draw some liquidity away from the crypto market.

彭博社的 ETF 专家埃里克·巴尔丘纳斯 (Eric Balchunas) 表示，黄金在投机投资者中的吸引力复苏可能会从加密货币市场吸走一些流动性。

In a concerning development, a US government-controlled wallet containing 30,174 BTC transferred approximately 2,000 BTC to Coinbase Prime. While experts speculate that this transaction could represent the sale of assets seized from the Silk Road darknet marketplace, it has cast a pall over investor sentiment.

令人担忧的是，一个包含 30,174 BTC 的美国政府控制的钱包将约 2,000 BTC 转移到了 Coinbase Prime。尽管专家推测这笔交易可能代表着从丝绸之路暗网市场上扣押的资产的出售，但它给投资者的情绪蒙上了一层阴影。

Michael van de Poppe, founder of MN Trading, highlights the "huge impact" that such bearish narratives have on market sentiment, especially during periods of heightened bullish momentum.

MN Trading 创始人 Michael van de Poppe 强调了这种看跌言论对市场情绪的“巨大影响”，尤其是在看涨势头增强的时期。

Amidst these market developments, the SEC has been facing criticism for its perceived lack of engagement with the public on regulatory issues related to cryptocurrencies. Commissioner Hester Peirce expressed concerns about the agency's slow response time to inquiries, suggesting a decline in its genuine interest in fostering a transparent and inclusive regulatory framework for the emerging asset class.

在这些市场发展中，美国证券交易委员会因其在与加密货币相关的监管问题上缺乏与公众的接触而受到批评。海丝特·皮尔斯 (Hester Peirce) 委员对该机构对询问的响应速度缓慢表示担忧，这表明其对为新兴资产类别建立透明和包容性监管框架的真正兴趣有所下降。