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. 

在通货膨胀和利率已经影响到包括美国股市在内的其他金融资产的情况下，比特币表现出了坚实的阻力。然而，加密货币市场正面临牛市反弹，这可能与比特币（BTC）的表现有关，比特币今年的价格已经翻了一番。

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. 

包括以太坊在内的其他货币最近几周也出现飙升。交易所交易基金 (ETF) 的批准一直是这些市场走势的驱动力，在价格上涨的加密货币中，包括卡尔达诺和狗狗币，它们在过去 24 小时内涨幅最大。

Crypto bull rally 

加密货币牛市反弹

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. 

根据市场数据分析，加密货币空间飙升了 4.6%，这被记录为加密货币资本总额的整体增加。 24 小时内的增幅总计达到 1.44 万亿美元，这是自 2022 年 5 月中旬以来的最高水平。

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. 

一周前，比特币（BTC）和其他加密货币，包括山寨币和模因币，经历了巨大的上涨，并为投资者测试了逆转。此次调整几乎扭转了周二发生的 3 亿美元清算造成的所有损失。

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. 

价格上涨的前 10 名代币包括狗狗币 (DOGE) 和卡尔达诺 (ADA)，它们的市值领先。他们的涨幅高达 12%，这并未归因于任何事件或催化剂。

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，这些主要货币的期货交易显示清算量低于平常。这表明上涨可能是由现货采购造成的。此外，以 CoinGecko 指数为首的数字资产市场衡量指标升至 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）也上涨至高位，达到 67 美元，这延续了区块链项目观点所青睐的连续一周上涨趋势。导致其价格上涨的另一个原因是 SOL 与已倒闭的加密货币交易公司 FTX 的关系，该公司由 Sam Bankman-Fried 投资使用数字货币领导。

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

法院裁决可能会推动价格朝任一方向发展，投资者可以顺应涨势或跌势。

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 也飙升了 24%，这一增长是由 Ava Labs 的公告推动的。该公司表示正在与银行业巨头摩根大通合作。该合作伙伴关系将被添加到即将在新加坡提供的投资组合管理产品中。

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.  

鉴于市场上涨，一些交易员进行了评论并确认上涨反映了传统资产。其中包括股票，但他们也证实，最近市场价格的走势表明有早期脱钩的迹象。

Market sentiments on the crypto rally

加密货币上涨的市场情绪

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.”

加密货币市场分析师 Alex Kuptsikevich 表示，“加密货币市场和股票市场的动态再次出现分歧。然而，应该指出的是，这种看似负相关的现象只在短期内有效，因为这两个资产类别自 10 月份以来一直在稳步上涨。”

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. 

该分析师还证实，比特币多头仍未放弃，周四比特币价格上涨至接近 38,000 美元的水平。此外，这也增强了市场预测，即价格即将飙升至 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，截至撰写本文时，比特币的市场价格为 36,948 美元，市值增长了 2.40%，达到 7,221 亿美元。比特币的表现可以与美国证券交易委员会（SEC）预期的现货 ETF 批准联系起来。

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，因为贝莱德计划从其 iShare 以太坊信托推出以太坊现货交易所交易基金，从而推动了该资产的发展。

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. 

这使其价格从 1,700 美元的整合价格上涨至 2,000 美元。目前，以太坊价格为 2,043 美元，上涨 0.89%。其市值也增长了2.96%，达到2440.5亿美元。