比特幣（BTC）下跌低於$ 80k，特朗普領導的集會似乎已經結束

比特幣繼續向下滑梯，在周四晚上下跌低於80,000美元。領先的加密貨幣比歷史最高水平下降了25％。

Bitcoin price fell below $80,000 on Thursday night as the leading cryptocurrency continued its downward slide.

由於領先的加密貨幣繼續向下滑梯，比特幣價格在周四晚上下跌低於80,000美元。

At the time of writing, Bitcoin is trading at $82,493.9 according to Benzinga Pro. It recovered slightly from the morning lows of $78,000 to trade above $80,000. However, investor sentiment remains pessimistic as the Trump-led crypto rally appears to be over.

根據Benzinga Pro的數據，在撰寫本文時，比特幣的交易價格為82,493.9美元。它從78,000美元的早晨低點恢復了，以超過$ 80,000的交易。但是，隨著特朗普領導的加密集會似乎已經結束，投資者的情緒仍然是悲觀的。

The question now is: How much lower can Bitcoin go?

現在的問題是：比特幣可以降低多少？

The worst-case scenario would be that Bitcoin would drop to the $72,000-74,000 range, according to Sid Powell, CEO & Co-Founder of Maple, an institutional capital marketplace built on the blockchain. In an email to Quartz, Powell explained that, according to technical analysis, a breakdown below a prolonged range typically results in a significant decline.

據Blockchain建立的機構資本市場Maple的首席執行官兼聯合創始人Sid Powell稱，最糟糕的情況是比特幣將降至72,000-74,000範圍。鮑威爾在給石英的一封電子郵件中解釋說，根據技術分析，低於延長范圍的細分通常會導致大幅下降。

"If Bitcoin is in the $90,000-1000,000 range, as we've seen over the last few months, it would have the potential to slide to $70,000."

“如果比特幣在$ 90,000-1000,000範圍內，正如我們在過去幾個月中所看到的那樣，它將有可能滑到70,000美元。”

But why is Bitcoin sliding so rapidly?

但是，為什麼比特幣滑行如此迅速？

The latest decline may be linked to a crypto hack that targeted a Dubai-based exchange named Bybit. On Feb. 21, 2025, attackers — allegedly the North Korean state-sponsored Lazarus Group — stole around $1.4 billion in crypto assets from the exchange's wallet.

最近的下降可能與一個名為Bybit的迪拜交易所的加密黑客有關。 2025年2月21日，襲擊者 - 據稱是由北朝鮮州議案的拉撒路集團（Lazarus Group） - 從交易所錢包中偷走了約14億美元的加密貨幣資產。

The theft occurred as the cryptocurrency market was already grappling with a series of setbacks, including the recent memecoin scandal linked to Argentina's President Javier Milei, which sparked skepticism and negative sentiment among investors, further impacting the crypto market.

盜竊發生是因為加密貨幣市場已經在努力應對一系列挫折，其中包括最近與阿根廷總統賈維爾·米利（Javier Milei）相關的Memecoin醜聞，該醜聞引發了投資者的懷疑和負面情緒，進一步影響了加密貨幣市場。

Moreover, macroeconomic factors are at play, with Bitcoin and the entire crypto market facing pressure from the ongoing tariff war. Amid rising trade tensions, there was a broad risk-off decline across all markets, but, as Powell noted, the crypto market has been hit the hardest.

此外，宏觀經濟因素正在起作用，比特幣和整個加密貨幣市場面臨著正在進行的關稅戰爭的壓力。在貿易緊張局勢越來越大的情況下，所有市場的風險下降幅度很大，但是正如鮑威爾指出的那樣，加密貨幣市場受到了最大的打擊。

"There's a lot of nervousness from investors on how U.S. tariffs could impact the broader landscape and the excitement over the new administration fading now that Trump has been in office for some time," Powell added.

鮑威爾補充說：“投資者對美國關稅如何影響更廣泛的格局和對新政府的興奮感到非常緊張，因為特朗普已經任職一段時間了。”

Bitcoin ETFs continue facing massive outflows

比特幣ETF繼續面對大量流出

Once hailed as the most successful exchange-traded funds (ETFs) in history, U.S. Bitcoin ETFs have seen significant withdrawals in recent weeks. Excluding two positive days, they have recorded net outflows totaling $3.7 billion this month. On Tuesday, Feb. 25th, Bitcoin ETFs experienced a record outflow of over $1 billion in a single day.

曾經被譽為歷史上最成功的交易所交易貿易資金（ETF），美國比特幣ETF在最近幾週被大量撤離。除了兩個積極的日子外，他們在本月記錄了總計37億美元的淨流出。 2月25日，星期二，比特幣ETF在一天中經歷了超過10億美元的創紀錄流出。

This sustained outflow is naturally putting pressure on Bitcoin's price, signaling that investors are no longer pouring in funds at the same pace as before.

這種持續的流出自然會給比特幣的價格施加壓力，這表明投資者不再以與以前相同的速度傾注資金。

Perhaps the SEC will bring Bitcoin back on track

也許SEC會使比特幣重回正軌

Powell believes that the Trump rally has certainly faded and that positive actions from policymakers could help improve the state of the crypto market.

鮑威爾認為，特朗普集會肯定已經消失，決策者的積極行動可以幫助改善加密貨幣市場的狀態。

In recent weeks, the Securities and Exchange Commission (SEC) has emerged as a big supporter of the crypto industry — a shift that seemed unimaginable just a few years ago.

最近幾週，美國證券交易委員會（SEC）已成為加密行業的主要支持者 - 幾年前，這種轉變似乎是難以想像的。

For example, on Thursday, the SEC stated that most memecoins, such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), are not securities under U.S. federal law. The financial watchdog explained that memecoins have limited or no functionality and are "more akin to collectibles."

例如，在星期四，SEC表示，大多數模因（例如Dogecoin（Crypto：Doge）和Shiba Inu（Crypto：Shib））不是美國聯邦法律所規定的證券。財務監管機構解釋說，模因的功能有限或沒有功能，“更類似於收藏品”。

However, the SEC's latest stance did little to boost memecoin prices, as memecoins continued to decline in the market on Friday morning. The broader crypto market also saw red across the board, with Bitcoin falling below $80,000 once again.

但是，SEC的最新立場並沒有提高Memecoin的價格，因為Memecoins在周五上午的市場下降。更廣泛的加密貨幣市場也看到了紅色，比特幣再次下跌低於80,000美元。

Earlier this month, the SEC, now led by Hester Peirce, dropped cases against Coinbase (NASDAQ:COIN), Robinhood (NASDAQ:HOOD), and other crypto companies that had been accused of selling unregistered securities, marking a notable shift in the regulatory landscape for cryptocurrencies.

本月初，現在由赫斯特·皮爾斯（Hester Peirce）領導的SEC撤銷了針對Coinbase（NASDAQ：COIN），ROBINOHED（NASDAQ：HOOD）以及其他被指控出售未註冊證券的加密貨幣公司的案件，這標誌著Cryptscape在監管環境中的明顯變化。

"If the SEC continues to loosen its grip and we see more pro-crypto laws put in place, Bitcoin can pull back, and we'll see another positive moment in the market once again," he added.

他補充說：“如果SEC繼續放鬆其抓地力，我們看到製定了更多的親克萊託法律法律，比特幣可以退縮，我們將再次看到市場上的另一個積極時刻。”