股市新高与加密货币脱钩：BTC和ETH的遭遇逆势挑战

上周，美国股市的表现令人瞩目，标准普尔500指数和纳斯达克综合指数双双创下历史新高。

然而，尽管加密货币市场通常被视为风险资产，在经济不确定性时期往往表现不佳，但近期股市的强劲上涨与加密货币的重挫形成了鲜明对比。

美国股市的强劲上涨

或许是受到Nvidia炒作效应的推动，美国股市自年初以来一直处于大规模牛市之中，特别是标准普尔 500 指数，年初时低于 4800 点，而本周早些时候已飙升至约5500点，刷新了历史记录。同时，纳斯达克综合指数的表现更是引人注目，自年初以来涨幅达到 19.8%，本周也创下了近 18000 点的新高。

probably driven by Nvidia's fumigation effect, the United States stock market has been in the middle of a large-scale cattle market since the beginning of the year, particularly the Standard & Poor's 500 index, which was below 4,800 points at the beginning of the year, but which has soared to about 5,500 points earlier this week, refreshing its historical record. At the same time, the NASDAQ composite index performed even more dramatically, rising by 19.8% since the beginning of the year, and has reached nearly 18,000 points this week.

然而，与科技板块关系不大的道琼斯工业平均指数表现稍显逊色，年涨幅不足4%，尽管如此，它在今年早些时候也创下了约 40000 点的历史新高。

However, the Dow Jones industry average index, which is not related to the technology plate, performed slightly less than 4% annually, although it also reached an all-time high of about 40000 points earlier this year.

与此同时，作为风险资产的加密货币市场却遭受了重创。

比特币BTC 和 以太坊ETH 的市场表现受挫

bitcoinBTC and EthioEth's market performance was frustrated

今年年初，比特币（BTC）的市场表现起初相当强劲，这主要得益于美国在1月份批准了现货 BTC ETF。尽管比特币的第四次减半事件通常被视为牛市的催化剂，但自减半以来，其价格表现并没有达到预期，反而出现了持续的下跌。$BTC

The market performance of Bitcoin was initially strong at the beginning of the year, thanks mainly to the approval by the United States of the spot BTC ETF in January. Although the fourth halving of Bitcoin was usually considered a catalyst for the cattle market, its price performance has not met expectations since the halving of the price.

与此同时，以太坊（ETH）同样获得了美国证券交易委员会（SEC）的监管批准，上个月该机构批准了以太坊现货 ETF。然而，尽管这一消息对市场本应是一大利好，但由于这些ETF尚未正式推出，ETH的价格几乎已经回吐了所有因利好消息带来的涨幅。$ETH

In the meantime, Ether's approval for regulation was also obtained by the United States Securities and Exchange Commission (SEC), which approved Ether's spot ETF last month. However, despite the fact that this information was supposed to be good for the market, the prices of Ether's prices have almost returned to all the increase due to good news. $ETH

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行情显示，自年度峰值以来，BTC 和 ETH 都经历了大约 10% 的下跌，这与美国股市的强劲表现形成了明显的脱钩。

不过，值得注意的是，尽管近期有所下跌，但与上述股市指数相比，比特币BTC和以太坊ETH自2024年初以来的涨幅仍然相当可观，分别实现了50%和54%的盈利增长.

It is worth noting, however, that despite recent declines, the BTC in Bitcoin and EthioETH have increased considerably since the beginning of 2024, with profit growth of 50% and 54%, respectively.

这一现象表明，尽管加密货币市场短期内面临挑战，但其长期的增长潜力和吸引力依然存在。

结语

concluding remarks

美国股市近期的强劲表现与加密货币市场的相对低迷形成了鲜明对比。尽管股市指数如标准普尔 500 和纳斯达克综合指数屡创新高，但比特币和以太坊却因市场动态和监管环境的变化而面临挑战。然而，这并未削弱它们自年初以来所展示的强劲增长，分别实现了 50% 和 54% 的涨幅，显示出加密货币市场仍具有不容忽视的潜力和吸引力。

The recent strong performance of the United States stock market contrasts sharply with the relative lowness of the crypto-currency market. Despite the innovation of stock market indices such as Standard & Poor’s 500 and the NASDAQ composite index, Bitco and Etheria face challenges due to changes in market dynamics and regulatory environment.

投资者在面对市场的波动时，应保持警惕，同时也应认识到加密货币作为新兴资产类别所蕴含的长期价值。随着技术的不断进步和市场的逐步成熟，加密货币有望在未来展现出更大的创新潜力和市场机会。市场参与者应密切关注这一领域的发展，以便捕捉新兴趋势并做出明智的投资决策。