隨著經濟壓力壓力在加密市場上，比特幣（BTC）的價格從ATH降至78,000美元

最初的加密貨幣比上個月的歷史最高額為109,000美元下降了28％，跌至78,000美元

The price of Bitcoin has tumbled 28% from its all-time high of $109,000 just last month to $78,000 on Friday. The currency’s recent downturn is symptomatic of economic pressures that have been bearing down on the crypto and stock markets for the last few weeks, not the least of which is Trump’s ongoing threat of major tariffs on foreign countries.

比特幣的價格從上個月的109,000美元的歷史最高高點跌至週五的78,000美元。該貨幣最近的低迷是過去幾週對加密貨幣和股票市場的經濟壓力的徵兆，其中最重要的是特朗普持續對國外的主要關稅威脅。

After threatening the tariffs several times last month, President Trump said on Thursday that the 25% tariff on Mexico and Canada will go into effect on March 4, in addition to a new 10% tariff on China that will be applied on top of an existing 10% tariff which went into effect Feb. 4. The tariffs are part of Trump’s broader plan to reduce the U.S. trade deficit and create jobs in the U.S. However, economists say that the tariffs will likely increase inflation and lift the price of everyday goods.

特朗普總統週四表示，在威脅徵收關稅後，墨西哥和加拿大的25％關稅將於3月4日生效，除了對中國的新10％關稅還將在2月4日生效的現有10％關稅的最高點上應用。

In addition to the tariffs, other concerns have led investors to reorganize their portfolios and dump their crypto holdings. Last week’s $1.4 billion hack of crypto exchange Bybit and growing frustration with memecoin rug pulls—like Argentina’s $LIBRA disaster—deepened distrust in crypto as a safe investment.

除了關稅外，其他問題還導致投資者重組其投資組合併拋棄其加密貨幣。上週，耗資14億美元的加密交易所交易所Bybit的黑客攻擊以及對Memecoin地毯拉力（例如阿根廷的$ libra災難）的沮喪，這使對加密貨幣的不信任是一項安全的投資。

The downturn does not seem to have been slowed by a string of good news that altered the outlook for the cryptocurrency industry this week. The Securities and Exchange Commission officially dropped several lawsuits and investigations against large crypto companies this week, including Coinbase, Uniswap, and Consensys’s MetaMask. The end of those challenges has long been a major goal for industry leaders, who have accused the SEC of setting up crypto companies for failure by refusing to provide clear rules of the road for the industry.

一系列好消息似乎並沒有放慢經濟的衰退，這改變了本週加密貨幣行業的前景。證券交易委員會本周正式針對大型加密公司（包括Coinbase，Uniswap和Consensys的Metamask）正式撤銷了幾項訴訟和調查。這些挑戰的終結長期以來一直是行業領導者的主要目標，他們指責SEC通過拒絕為行業提供明確的道路規則來建立加密貨幣公司。

“What we’re seeing now is a broader repricing of risk across global markets. After a period of heightened risk appetite, investors are becoming more cautious in response to economic indicators and geopolitical events,” says Mike Cahill, core contributor to Pyth, a network that provides market data to applications on multiple blockchains.

“我們現在看到的是在全球市場中更廣泛的風險重新定位。經過一段時間的風險食慾，投資者對經濟指標和地緣政治事件的響應變得越來越謹慎。

“This shift is evident in the S&P 500, which has seen a 3% decline over the past month. However, the cryptocurrency market is experiencing a steeper downturn, with popular cryptocurrencies like Dogecoin and Ethereum falling by double digits—39% and 28%, respectively, since last month.”

“在標準普爾500指數中，這種轉變很明顯，過去一個月下降了3％。但是，加密貨幣市場正在經歷陡峭的衰退，諸如Dogecoin和以太坊（Ethereum）的流行加密貨幣分別以兩位數下降，自上個月以來分別為39％和28％。”

Despite the sell-off this week, Cahill says that he remains bullish on Bitcoin and its long term trajectory.

儘管本週被拋售，卡希爾說他仍然對比特幣及其長期軌跡看漲。

“Historically, Bitcoin thrives in uncertainty, and long-term players know that these shakeouts clear weak hands while setting the stage for the next leg up,” he said.

他說：“從歷史上看，比特幣在不確定性方面蓬勃發展，長期玩家知道，這些搖擺不定的手在為下一條腿奠定基礎的同時。”