Bitcoin Price Rebounds Amid Market Fluctuations

市场波动中比特币价格反弹

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.

继 5 月 7 日周二低迷之后，比特币价格本周开始表现积极。由于各种因素，包括美国现货比特币 ETF 的资金流出，近几周市场出现了大幅波动。

Factors Influencing Bitcoin Price:

影响比特币价格的因素：

Bitcoin ETF Hype

比特币 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.

一月份美国现货比特币 ETF 的预期和随后的批准提振了投资者的信心。资金涌入这一投资工具刺激了市场情绪，并促成比特币在 3 月中旬创下历史新高。香港近期批准现货 ETF，进一步提振了信心，反映出机构采用率不断提高。

Federal Reserve's Interest Rate

美联储利率

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.

美联储的政策利率立场对市场情绪产生了重大影响。尽管市场最初预期会多次降息，但经济数据显示通胀持续存在，削弱了大幅降息的希望。分析师现在预计2024年将降息一两次，甚至政策利率不会发生变化。

Bitcoin Halving

比特币减半

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.

比特币减半事件提振了市场信心。从历史上看，减半对比特币的价格产生了积极影响，因为它减少了进入市场的新硬币的供应。