Bitcoin’s value went through the roof on Wednesday last week as investors piled into the digital currency, which is often used as a hedge during times of uncertainty in the global economy. However, several hours later Bitcoin crashed by nearly 20 percent, with analysts attributing the fall to a sudden rise in the value of China’s yuan.
Bitcoin soared in value last year, becoming 2016’s strongest performing currency, with the digital currency’s dizzying rise continuing over into the new year. The Bitcoin Price Index showed the currency breaking through the US$1,100 mark during early trading Wednesday, reaching a three-year high of US$1,139.89 and edging toward 2013’s record high of US$1,165.89.
However, according to Reuters, Bitcoin’s value suddenly plummeted on Thursday by 20 percent, slumping to US$885.41, a fall of more than US$200 in a single day’s trading, once again demonstrating the volatile nature of digital currencies. Reports attributed the cause of the dramatic crash to the Chinese yuan offshore exchange rate’s steep appreciation of more than 1 percent against the dollar.
Photo: Bloomberg
照片：彭博
(CNA, translated by Edward Jones)
世界經濟前景不定，數位貨幣比特幣被當作避險標的，上週三在投資人追逐下一度逼近歷史天價，但幾個小時後就暴跌約百分之二十，據分析主因是人民幣匯價突然飆升。
比特幣價位去年飆漲，成為二○一六年表現最強勢貨幣，這種令人頭暈目眩的漲勢今年以來仍然持續，比特幣價格指數顯示，比特幣上週三早晨突破一千一百美元價位，最高來到一千一百三十九點八九美元，是近三年最高價，逼近二○一三年所創一千一百六十五點八九美元歷史天價。
不過，路透社報導，比特幣下午突然暴跌多達百分之二十，一度下滑到八百八十五點四一美元價位，一天內重挫逾兩百美元，再次顯示這種貨幣的多變。據信比特幣回挫主因是離岸人民幣兌美元匯率大漲超過百分之一。
(中央社)
1. digital currency n. phr.
數位貨幣
(shu4 wei4 huo4 bi4)
2. hedge n.
避險標的
(bi4 xian3 biao1 di4)
3. plummet v.
暴跌 (bao4 die2)
4. volatile adj.
多變 (duo1 bian4)
You like the great outdoors, don’t you? (3/5) 你不是很熱衷戶外活動嗎？（三） B: Does the list say anything about tents? If we’re staying at the top of the mountain overnight, we’ll need somewhere to sleep, especially if it rains. A: Yes, you’ll need a tent. They’re not too expensive these days. B: I have a good one at home. It’s sturdy and light. I also have a warm sleeping bag and a sleeping mat that packs up small. A: And don’t forget a headlamp, with extra batteries, for when it gets dark. B: I’m glad you reminded me. I would have forgotten the headlamp. A: Finally, bring washing
You like the great outdoors, don’t you? (2/5) 你不是很熱衷戶外活動嗎？（二） A: Well, the first thing you’ll need is a pair of good walking shoes or boots. The guide emphasizes the need for something with ankle support. Some of the terrain will be quite uneven underfoot. B: Will we be carrying much gear with us? A: According to this list, you’ll need a large backpack, with a capacity of at least 50 liters. It says everyone in the group will be carrying extra food. B: Extra food? We have to carry that up the mountain ourselves? A: Well, the guide is planning a BBQ at the top of the
B: Where are we meeting the rest of the hiking group? A: The guide will pick us up in Kaohsiung and drive us to the trailhead. There’ll be five of us going. We’re thinking of hiring a car. B: Good idea. If we split the car rental fee between us it will end up much cheaper than five HSR return tickets. And we can leave a change of clothes in the car for after the hike. A: My friend has volunteered to drive. She has one request, though. B: What’s that? A: That we all have a shower before we get in the car
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