Bitcoin Price Rebounds Amid Market Fluctuations

市場波動中比特幣價格反彈

The Bitcoin price has commenced the week on a positive note, following a downturn on Tuesday, May 7. The market has witnessed significant volatility in recent weeks due to various factors, including the outflow from the U.S. Spot Bitcoin ETF.

繼 5 月 7 日週二低迷之後，比特幣價格本週開始表現積極。

Factors Influencing Bitcoin Price:

影響比特幣價格的因素：

Bitcoin ETF Hype

比特幣 ETF 炒作

The anticipation and subsequent approval of the U.S. Spot Bitcoin ETF in January boosted investor confidence. The influx of funds into this investment instrument fueled market sentiment and contributed to Bitcoin's all-time high in mid-March. The recent approval of a Spot ETF in Hong Kong further bolstered confidence, reflecting growing institutional adoption.

一月份美國現貨比特幣 ETF 的預期和隨後的批准提振了投資者的信心。資金湧入這項投資工具刺激了市場情緒，並促成比特幣在 3 月中旬創下歷史新高。香港近期批准現貨 ETF，進一步提振了信心，反映出機構採用率不斷提高。

Federal Reserve's Interest Rate

聯準會利率

The Federal Reserve's policy rate stance has had a significant impact on market sentiment. While the market initially anticipated multiple rate cuts, economic data has indicated persistent inflation, dampening hopes for significant reductions. Analysts now expect one or two rate cuts in 2024, or even no changes in policy rates.

聯準會的政策利率立場對市場情緒產生了重大影響。儘管市場最初預期會多次降息，但經濟數據顯示通膨持續存在，削弱了大幅降息的希望。分析師現在預計2024年將降息一兩次，甚至政策利率不會改變。

Bitcoin Halving

比特幣減半

The Bitcoin Halving event in has fueled market confidence. Historically, the Halving has had a positive impact on Bitcoin's price, as it reduces the supply of new coins entering the market.

比特幣減半事件提振了市場信心。從歷史上看，減半對比特幣的價格產生了積極影響，因為它減少了進入市場的新硬幣的供應。