比特幣（BTC）的價格下跌了$ 90,000，以達到新2024的高度，表現優於Coindesk 20指數

美國財政部長斯科特·貝斯特（Scott Bessent）重申，華盛頓和北京之間的適當貿易協議將需要數年的時間才能消失之後，加密市場的集會在周三停滯不前。

The crypto market’s rally stalled on Wednesday after U.S. Secretary of Treasury Scott Bessent reiterated that a proper trade deal between Washington and Beijing would take years to ink out.

美國財政部長斯科特·貝斯特（Scott Bessent）重申，華盛頓和北京之間的適當貿易協議將需要數年的時間才能消失之後，加密市場的集會在周三停滯不前。

Bitcoin (BTC) is up 2.6% in the last 24 hours and 12.2% in the last seven days, trading at $93,600 for the first time since the beginning of March. The largest cryptocurrency was outperformed by large swaths of the market, with the CoinDesk 20 — an index of the top 20 coins, excluding stablecoins, memecoins and exchange tokens — rose 4.2% in the last 24 hours. Sui (SUI) jumped 24% in that period of time, while Cardano's ADA and Chainlink's LINK both saw 7% gains.

比特幣（BTC）在過去的24小時內增長了2.6％，在過去的7天中增長了12.2％，自3月初以來首次以93,600美元的價格交易。最大的加密貨幣勝過大型市場的表現，Coindesk 20（前20個硬幣的指數，不包括Stablecoins，Memecoins and Memecoins and Exchange Inviskens）在過去24小時內上漲了4.2％。 SUI（SUI）在那段時間內躍升了24％，而Cardano的Ada和Chainlink的鏈接都獲得了7％的收益。

Crypto stocks, which opened strong, saw their performance dampen as the day unfolded. Miners such as Bitdeer (BTDR) and Core Scientific (CORZ) fell back from double-digit gains, closing the day up roughly 4%. Coinbase (COIN) and Strategy (MSTR) are up 2.1% and 1.4%, respectively.

加密的股票很強大，隨著一天的展開，他們的性能降低了。諸如Bitdeer（BTDR）和Core Scientific（Corz）之類的礦工從兩位數的收益中倒下，大約上漲了大約4％。 Coinbase（硬幣）和策略（MSTR）分別上漲2.1％和1.4％。

U.S. President Donald Trump seemed to be dialing down the pressure on China in the last few days, saying that tariffs on the Middle Kingdom would “come down substantially” on Tuesday. Bessent, however, said on Wednesday that the White House had not made a unilateral offer to cut tariffs on China, and that a deal between the two nations would take two to three years to achieve.

美國總統唐納德·特朗普（Donald Trump）似乎在過去幾天中撥打了對中國的壓力，稱中間王國的關稅將在周二“大幅下降”。然而，貝斯特週三表示，白宮並未單方面提出要削減中國關稅的提議，兩國之間的交易將需要兩到三年才能實現。

"A meaningful thaw in relations may not materialize until substantive news emerges from the upcoming Xi-Trump meeting," said Paul Howard, director at crypto trading firm Wincent. Markets priced in the initial tough stances and tariff threats, which kept a lid on risk appetite over the past two months, he said.

加密貨幣貿易公司Wincent的董事保羅·霍華德（Paul Howard）說：“在即將舉行的Xi-Trump會議中出現實質新聞之前，關係中的有意義的解凍可能不會實現。”他說，在過去兩個月中，市場定價為最初的艱難立場和關稅威脅，這在過去兩個月中保持了風險的興趣。

"History suggests that once the opening volleys pass, more constructive developments and easing volatility typically follow," Howard said, which could support risk assets such as crypto.

霍華德說：“歷史表明，一旦開放式瓦利斯經過，通常會隨之而來的更具建設性的發展和放鬆的波動性。”

BTC ETF flows return

BTC ETF流返回

In a sign of renewed investor demand, U.S.-listed spot BTC exchange-traded funds (ETFs) have recorded nearly $1.3 billion in net inflows this week so far, according to SoSoValue data. The funds booked their strongest day on Tuesday since mid-January.

根據Sosovalue數據，迄今為止，本週迄今已將近13億美元的淨流入記錄的跡象表明，美國上市的BTC交易所交易所資金（ETF）的跡象。自1月中旬以來，這筆資金預定了他們最強大的一天。

"This [crypto] rally isn’t retail-driven hype—it’s institutional capital positioning ahead of what many see as a new monetary and political regime," said Matt Mena, crypto research strategist at digital asset manager 21Shares. "More investors are turning to it not just as a speculative asset, but as a flight to safety amid rising uncertainty across traditional markets."

數字資產經理21Shares的Crypto研究策略師Matt Mena說：“這個[加密]集會不是零售驅動的炒作，它的機構資本定位比許多人認為是新的貨幣和政治制度。” “越來越多的投資者不僅將其作為投機性資產，而且是在傳統市場不確定性上升的情況下飛往安全的。”

Despite the strong price action, Mena added that BTC is facing resistance at around the $95,000 level in the short term and could pull back.

儘管價格強勁，MENA還補充說，BTC在短期內面臨著95,000美元左右的電阻，並且可能會退縮。

Bitcoin to catch up to gold

比特幣要趕上黃金

Gold, meanwhile, is down 2.5% today, trading at $3,290 per ounce after a run that saw the precious metal rise 35% to $3,500 in the span of four months, possibly hinting that the market could be moving past peak uncertainty.

同時，黃金今天下跌了2.5％，一場運行後，貴金屬在四個月的時間內增長了35％至3,500美元，以每盎司3,290美元的價格交易，這可能暗示市場可能會超越峰值不確定性。

Gold stalling after a massive rally could bode well for bitcoin, said Charles Edwards, founder of bitcoin-focused hedge fund Capriole Investments. Posting a chart on X on Wednesday, he noted that BTC historically followed gold's gains with a few-month lag.

以比特幣為重點的對沖基金Capriole Investments的創始人查爾斯·愛德華茲（Charles Edwards）表示，在大規模集會之後，黃金停滯了。他在周三在X上發布了一張圖表，他指出，BTC歷史上以幾個月的時間延續了Gold的收益。

"Bitcoin is showing significant strength," Edwards said in an X post. "We have decoupled from risk assets and the market is now starting to front-run the fact that bitcoin is digital gold. If risk assets were to decay further from here, BTC is the ultimate QE [quantitative easing] hedge."

愛德華茲在X帖子中說：“比特幣表現出很大的力量。” “我們已經脫離了風險資產，市場現在開始邁向比特幣是數字黃金的事實。如果風險資產從這裡進一步衰落，BTC是最終的量化量化寬鬆（定量寬鬆）對沖。”