Bitcoin has shown its solid resistance amid the inflation and interest rates that have already affected other financial assets, including the US stock market. The crypto market however is facing a bull rally that can be linked to Bitcoin’s (BTC) performance which has already doubled in price this year. 

在通貨膨脹和利率已經影響到包括美國股市在內的其他金融資產的情況下，比特幣表現出了堅實的阻力。然而，加密貨幣市場正面臨牛市反彈，這可能與比特幣（BTC）的表現有關，今年比特幣的價格已經翻了一番。

Other currencies, including Ethereum have also spiked in recent weeks. Exchange-traded funds (ETFs) approval has been the driving force for these market movements and among the cryptos that have experienced a gain in price include Cardano and Dogecoin which are leading the list for most gains in the past 24 hours. 

包括以太幣在內的其他貨幣最近幾週也出現飆升。交易所交易基金 (ETF) 的批准一直是這些市場走勢的驅動力，在價格上漲的加密貨幣中，包括卡爾達諾和狗狗幣，它們在過去 24 小時內漲幅最大。

Crypto bull rally 

加密貨幣牛市反彈

According to market data analysis, the crypto space spurt gained by 4.6%, which was recorded as an overall addition to capitalization in cryptocurrencies. This was a 24-hour increase that totaled to $1.44 trillion, and this has been levels not seen since mid-May 2022. 

根據市場數據分析，加密貨幣空間飆升了 4.6%，這被記錄為加密貨幣資本總額的整體增加​​。 24 小時內的增幅總計達到 1.44 兆美元，這是自 2022 年 5 月中旬以來的最高水準。

A week ago, Bitcoin (BTC) and other cryptocurrencies, including altcoins and memecoins, experienced huge gains and tested a reversal for their investors. The correction reversed almost all losses from the $300 million liquidation that happened on Tuesday. 

一週前，比特幣（BTC）和其他加密貨幣，包括山寨幣和迷因幣，經歷了巨大的上漲，並為投資者測試了逆轉。這項調整幾乎扭轉了週二​​發生的 3 億美元清算造成的所有損失。

Among the top 10 tokens experiencing a price rally include Dogecoin (DOGE) and Cardano (ADA), which are led by market capitalization. Their gains recorded as much as a 12% increase that hasn’t been attributed to any event or catalyst. 

價格上漲的前 10 名代幣包括狗狗幣 (DOGE) 和卡爾達諾 (ADA)，它們的市值領先。他們的漲幅高達 12%，這並未歸因於任何事件或催化劑。

However, the futures trading of these major currencies illustrated a lower-than-usual liquidation. This suggested that the rally might have been caused by spot purchasing. Also, the measure of the digital asset market led by the CoinGecko Index rose to 3.8%

然而，這些主要貨幣的期貨交易顯示清算量低於平常。這表明上漲可能是由現貨採購造成的。此外，以 CoinGecko 指數為首的數位資產市場衡量指標升至 3.8%

Solana (SOL) also rose to high levels, reaching $67, and this extended a week-long rise that has been favored by the view of the blockchain project. Another reason linking its price rally is the affiliations SOL has to the collapsed crypto exchange firm FTX, led by Sam Bankman-Fried’s investments in using digital currency.

Solana（SOL）也漲至高位，達到 67 美元，延續了區塊鏈專案觀點所青睞的連續一週上漲趨勢。導致其價格上漲的另一個原因是 SOL 與已倒閉的加密貨幣交易公司 FTX 的關係，該公司由 Sam Bankman-Fried 投資使用數位貨幣領導。

Court ruling might push the price in either direction, and investors can ride the up and down wave. 

法院裁決可能會推動價格朝任一方向發展，投資者可以順應漲勢或跌勢。

Avalanche’s AVAX also spiked by 24%, and this increase is catalyzed by the announcement made by Ava Labs. The firm said it’s working with JPMorgan, a banking giant. The partnership is to be added to an upcoming portfolio management product that will be offered in Singapore.  

Avalanche 的 AVAX 也飆升了 24%，這一增長是由 Ava Labs 的公告推動的。該公司表示正在與銀行業巨頭摩根大通合作。該合作夥伴關係將被添加到即將在新加坡提供的投資組合管理產品中。

In light of the market gains, some traders had their reviews and confirmed that the increase reflected traditional assets. These included stocks but they also confirmed that recent movements in the market prices suggest signs of early decoupling.  

鑑於市場上漲，一些交易員進行了評論並確認上漲反映了傳統資產。其中包括股票，但他們也證實，最近市場價格的走勢顯示有早期脫鉤的跡象。

Market sentiments on the crypto rally

加密貨幣上漲的市場情緒

According to Alex Kuptsikevich, a crypto market analyst, said that, “Once again, the dynamics of crypto and equity markets have diverged. However, it should be noted that this seemingly negative correlation only works in the short term, as both asset classes have been rising steadily since October.”

加密貨幣市場分析師 Alex Kuptsikevich 表示，「加密貨幣市場和股票市場的動態再次出現分歧。然而，應該指出的是，這種看似負相關的現像只在短期內有效，因為這兩個資產類別自 10 月以來一直在穩步上漲。”

The analyst also confirmed that bitcoin bulls are still not giving up as its price rallied close to the $38,000 level on Thursday. Additionally, this added to the market prediction that a surge to $46,000 is on the way. 

該分析師還證實，比特幣多頭仍未放棄，週四比特幣價格上漲至接近 38,000 美元的水平。此外，這也增強了市場預測，即價格即將飆升至 46,000 美元。

Currently, Bitcoin is raging at a market price of $36,948 at the time of writing with an increase in market cap by 2.40% recording $722.1 billion. Bitcoin’s performance can be linked to the spot ETF approval that has been anticipated by the United States Securities and Exchanges Commission (SEC). 

目前，截至撰寫本文時，比特幣的市場價格為 36,948 美元，市值增長了 2.40%，達到 7,221 億美元。比特幣的表現可以與美國證券交易委員會（SEC）預期的現貨 ETF 批准聯繫起來。

Ethereum (ETH) also remained on the top list as the asset was catalyzed by BlackRock’s intended launch of Ethereum-spot exchange-traded funds from its iShare Ethereum Trust. 

以太坊（ETH）也仍然位居榜首，因為貝萊德計劃從其 iShare 以太坊信託推出以太坊現貨交易所交易基金，從而推動了該資產的發展。

This has seen its price rise from consolidation prices of $1,700 to $2,000. Currently, Ethereum is tagged at $2,043, recording a 0.89% increase in its price. Its market capitalization also increased by 2.96% and this topped to $244.05 billion. 

這使其價格從 1,700 美元的整合價格上漲至 2,000 美元。目前，以太幣價格為 2,043 美元，上漲 0.89%。其市值也成長了2.96%，達到2,440.5億美元。