短新闻泛读 | Day 4：Bitcoin价格大挫的原因是？

今天又学到了好多新知识，老师好厉害，感谢！

Headlines 4:

术语：term; terminology  词汇：vocabulary

4 terminologies:

*Bitcoin is digital currency that you can buy, sell and exchange directly, without an intermediatory like a bank.

*Cryptocurrency is the general name for digital currency.

*Blockchain is a secure system behind bitcoin which records information in a way that make it difficult or impossible to change, hack or cheat the system.

*NFT is short for non-fungible token,and it is digital token which represents real-world objects like art, music, in-game items and videos.

non-fungible 不可替代的

non-fungible token 非同质化代币

bitcoin crashed 30% to 20,000.

The coin has lost 70% of its value last year, when it traded 65,000.

all-time high 历史最高点

since all-time high in November=since its November peak

the most valuable cryptocurrency has fallen/slipped 15% since Monday, and by nearly a third since Friday. (33%)

by nearly a third 相差近三分之一

the world’s major central bank

hike interest rates

hike: a large increase in price

bring inflation under control

dump their riskier investments

volatile crypto assets

As the world’s major central bank hike interest rates to bring inflation under control, traders have dumped their riskier investments, which include volatile crypto assets.

Sham 骗局

Great fool theory: referencing the notion that investors can make money on worthless or overvalues assets as long as people are willing to bid them higher.

Bid price=offer a price

Be long or short on sth, 批评或表扬（不常见，金融术语）

Gates added that,

He mocked sth, joking that expensive digital images of monkeys can improve the world immensely.