<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/08/167635072-m-normal-none.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/08/167635072-m-normal-none.jpg"/></p>
<p>比特币（BTC/USD）价格连续第二天上涨，投资者对最近富兰克林邓普顿的现货 ETF 申请表示欢呼。该币目前价格为 26,308 美元，略高于本周的低点 24,910 美元。</p>
<h2>为什么比特币价格下跌？</h2>
<p>比特币和其他加密货币最近面临着行业内日益增加的阻力。最大的挑战是美国监管机构，尤其是证券交易委员会（SEC）对该行业采取了对抗性的态度。</p>
<p>几个月前，SEC 对行业内最大的参与者 Coinbase 和 Binance 提起了重大诉讼。这些诉讼可能会对行业产生重大影响。</p>
<p>好消息是，历史上这些诉讼需要数年才能结束。我们在 SEC 与 Ripple 的诉讼中看到了这一点，该诉讼持续了超过 3 年。另一个因素是，SEC 可能会与其中任何一家公司达成和解。</p>
<p>此外，目前尚不清楚 SEC 是否最终会决定批准现货比特币 ETF。富兰克林邓普顿、景顺、黑石和富达等知名公司都已申请这些基金。</p>
<p>我相信 SEC 会批准这些基金，原因有二。首先，所有这些提案都有监控条款，以防止市场操纵。其次，鉴于 SEC 在 Grayscale 诉讼中的失利，该机构将希望避免再次出现法律尴尬。</p>
<blockquote>
<p>只有少数人会理解……</p>
<p>当黑石的 ETF 资金流入#比特币时，它几乎会立即推动其价格超过 100,000 美元。</p>
<p>有些人认为比特币 ETF 不会改变太多，因为你已经可以购买它。</p>
<p>但是，ETF 有税收优惠，你可以以此借款。这使得…… pic.twitter.com/5dTdcNe4lW</p>
<p>— Mister Crypto (@misterrcrypto) 2023 年 9 月 13 日</p>
</blockquote>
<p>货币政策是比特币价格挣扎的另一个主要原因。利率已跃升至 20 年来的最高点 5.5%。在美国强劲的通胀数据之后，美联储维持鹰派立场的可能性很高。</p>
<p>因此，投资者将现金转移到高收益的无风险投资，如债券和货币市场基金（MMF）。一些 MMF 的收益率现在超过 5.5%。</p>
<h2>分析师解释看涨案例</h2>
<p>尽管前景黯淡，一些分析师认为我们正处于加密行业重大牛市的早期阶段。一个潜在的看涨案例是，比特币的流通供应在链上活跃度降至创纪录的 5.4%。这意味着许多投资者采取了买入并持有的策略。在一份报告中，Blockware Solutions 表示：</p>
<blockquote>
<p>“价格是在边际上设定的，这意味着那些反复交易比特币的人推动了短期价格波动。随着供应侧流动性持续减少，正如更少的供应在交易中所示，任何需求催化剂都会使价格飙升。”</p>
</blockquote>
<p>如果发生这种情况，其他山寨币如 THORChain（RUNE）、Conflux、VeChain、IOTA、EOS、Solana、Zilliqa 和莱特币也将上涨。在过去，比特币和这些山寨币往往有着密切的相关性。</p>
<p>当比特币价格上涨时，这些山寨币也会随之上涨。例如，许多山寨币在比特币从 24,900 美元的多月低点反弹后，本周也上涨了。</p>
<p>该文章《分析师解释为什么 VeChain、Zilliqa、EOS、比特币价格可能反弹》最早出现在 Invezz 上。</p>

<p>分析师建议，比特币及像 VeChain、Zilliqa 和 EOS 等山寨币可能迎来一波牛市，这主要受到美国证券交易委员会（SEC）可能批准比特币 ETF 和流通供应减少等因素的推动。尽管面临监管挑战和高利率，投资者的买入持有策略可能会导致价格上涨，比特币的反弹可能会进一步推动山寨币价格的上涨</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/08/167635072-m-normal-none.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2023/08/167635072-m-normal-none.jpg"/></p>
<p>Bitcoin (BTC/USD) price rose for the second straight day as investors cheered the recent Franklin Templeton spot ETF application. The coin is sitting at $26,308, a few points above this week’s low of $24,910.</p>
<div class="lb-trans"><p>比特币（BTC/USD）价格连续第二天上涨，投资者对最近富兰克林邓普顿的现货 ETF 申请表示欢呼。该币目前价格为 26,308 美元，略高于本周的低点 24,910 美元。</p>
</div><h2>Why is Bitcoin price falling?</h2>
<div class="lb-trans"><h2>为什么比特币价格下跌？</h2>
</div><p>Bitcoin and other cryptocurrencies have struggled recently amid rising headwinds in the industry. The biggest challenge is that American regulators, especially the Securities and Exchange Commission (SEC) are using a confrontational approach against the industry.</p>
<div class="lb-trans"><p>比特币和其他加密货币最近面临着行业内日益增加的阻力。最大的挑战是美国监管机构，尤其是证券交易委员会（SEC）对该行业采取了对抗性的态度。</p>
</div><p>A few months ago, the SEC filed major lawsuits against Coinbase and Binance, the biggest players in the industry. These lawsuits will likely have major implications in the industry.</p>
<div class="lb-trans"><p>几个月前，SEC 对行业内最大的参与者 Coinbase 和 Binance 提起了重大诉讼。这些诉讼可能会对行业产生重大影响。</p>
</div><p>The silver lining is that, historically, these lawsuits take years to conclude. We saw that with the SEC vs Ripple lawsuit, which took over 3 years. Another thing is that the SEC could settle with either of the companies.</p>
<div class="lb-trans"><p>好消息是，历史上这些诉讼需要数年才能结束。我们在 SEC 与 Ripple 的诉讼中看到了这一点，该诉讼持续了超过 3 年。另一个因素是，SEC 可能会与其中任何一家公司达成和解。</p>
</div><p>Further, it is unclear whether the SEC will ultimately decide to give its go-ahead about a spot Bitcoin ETF. Well-known companies like Franklin Templeton, Invesco, Blackrock, and Fidelity have all applied for these funds.</p>
<div class="lb-trans"><p>此外，目前尚不清楚 SEC 是否最终会决定批准现货比特币 ETF。富兰克林邓普顿、景顺、黑石和富达等知名公司都已申请这些基金。</p>
</div><p>I believe that the SEC will approve these funds for two reasons. First, all these proposals have a surveillance clause to prevent market manipulation. Second, following SEC’s loss in the Grayscale lawsuit, the agency will want to avoid another legal embarrassment.</p>
<div class="lb-trans"><p>我相信 SEC 会批准这些基金，原因有二。首先，所有这些提案都有监控条款，以防止市场操纵。其次，鉴于 SEC 在 Grayscale 诉讼中的失利，该机构将希望避免再次出现法律尴尬。</p>
</div><blockquote>
<p>Only a few will understand…</p>
<p>When BlackRock's ETF money flows into #Bitcoin, it will almost instantly push it over $100,000.</p>
<p>Some think a Bitcoin ETF won't change much because you can already buy it.</p>
<p>But, an ETF has tax perks and you can borrow against it. This makes… pic.twitter.com/5dTdcNe4lW</p>
<p>— Mister Crypto (@misterrcrypto) September 13, 2023</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>只有少数人会理解……</p>
<p>当黑石的 ETF 资金流入#比特币时，它几乎会立即推动其价格超过 100,000 美元。</p>
<p>有些人认为比特币 ETF 不会改变太多，因为你已经可以购买它。</p>
<p>但是，ETF 有税收优惠，你可以以此借款。这使得…… pic.twitter.com/5dTdcNe4lW</p>
<p>— Mister Crypto (@misterrcrypto) 2023 年 9 月 13 日</p>
</blockquote>
</div><p>Monetary policy is another main reason why Bitcoin price is struggling. Interest rates have jumped to a two-decade high of 5.5%. And after the strong US inflation data , there is a high possibility that the Fed will maintain its hawkish tone.</p>
<div class="lb-trans"><p>货币政策是比特币价格挣扎的另一个主要原因。利率已跃升至 20 年来的最高点 5.5%。在美国强劲的通胀数据之后，美联储维持鹰派立场的可能性很高。</p>
</div><p>As a result, investors are moving their cash to high-yielding risk-free investments like bonds and money market funds (MMF). Some MMFs are now yielding more than 5.5%.</p>
<div class="lb-trans"><p>因此，投资者将现金转移到高收益的无风险投资，如债券和货币市场基金（MMF）。一些 MMF 的收益率现在超过 5.5%。</p>
</div><h2>Analyst explains the bullish case</h2>
<div class="lb-trans"><h2>分析师解释看涨案例</h2>
</div><p>Despite the doom and gloom, some analysts believe that we are in the early stages of a major bull run in the crypto industry. A potential bull case is that Bitcoin’s circulating supply active on-chain dropped to a record low of 5.4%. This means that many investors have embraced a buy and hold strategy. In a note, Blockware Solutions said:</p>
<div class="lb-trans"><p>尽管前景黯淡，一些分析师认为我们正处于加密行业重大牛市的早期阶段。一个潜在的看涨案例是，比特币的流通供应在链上活跃度降至创纪录的 5.4%。这意味着许多投资者采取了买入并持有的策略。在一份报告中，Blockware Solutions 表示：</p>
</div><blockquote>
<p>“Price is set at the margin, which means those who trade Bitcoin back and forth drive short-term price action. As supply-side illiquidity continues to increase, as indicated by fewer supply exchanging hands, any demand catalyst will send the price skyrocketing.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“价格是在边际上设定的，这意味着那些反复交易比特币的人推动了短期价格波动。随着供应侧流动性持续减少，正如更少的供应在交易中所示，任何需求催化剂都会使价格飙升。”</p>
</blockquote>
</div><p>If this happens, other altcoins like THORChain (RUNE), Conflux, VeChain, IOTA, EOS, Solana, Zilliqa, and Litecoin will also jump. In the past, Bitcoin and these altcoins tends to have a close correlation.</p>
<div class="lb-trans"><p>如果发生这种情况，其他山寨币如 THORChain（RUNE）、Conflux、VeChain、IOTA、EOS、Solana、Zilliqa 和莱特币也将上涨。在过去，比特币和这些山寨币往往有着密切的相关性。</p>
</div><p>When Bitcoin price rises, these altcoins jump as well. For example, many altcoins have risen this week as Bitcoin has bounced back after falling to a multi-month low of $24,900.</p>
<div class="lb-trans"><p>当比特币价格上涨时，这些山寨币也会随之上涨。例如，许多山寨币在比特币从 24,900 美元的多月低点反弹后，本周也上涨了。</p>
</div><p>The post Analyst explains why VeChain, Zilliqa, EOS, Bitcoin price could rebound appeared first on Invezz</p>
<div class="lb-trans"><p>该文章《分析师解释为什么 VeChain、Zilliqa、EOS、比特币价格可能反弹》最早出现在 Invezz 上。</p>
</div>

分析师解释 VeChain、Zilliqa、EOS 和比特币的价格为何可能出现反弹