比特幣（BTC）價格低於$ 80,000，因為圍繞唐納德·特朗普的親克萊托普政策的欣喜

隨著唐納德·特朗普（Donald Trump）的Pro-Crypto政策的欣喜，比特幣跌至心理上至關重要的80,000美元大關

The euphoria surrounding Donald Trump’s pro-crypto policies has faded, leading to a decline in major digital assets from their post-election peaks, with the world’s largest cryptocurrency, Bitcoin, falling below the crucial $80,000 mark.

圍繞唐納德·特朗普（Donald Trump）的親克賴特（Crypto）政策的欣喜已消失，導致大選後高峰的主要數字資產下降，世界上最大的加密貨幣比特幣低於至關重要的80,000美元。

Bitcoin erases post-election gains

比特幣消除了選舉後的收益

Bitcoin fell 8.2% in the 24 hours to 1:30 pm IST, extending its downturn from January peaks. The cryptocurrency is now down 21% from the highs reached shortly after Trump’s November election victory.

比特幣在24小時至下午1:30的IST中下降了8.2％，從一月份的山峰開始延長了其衰退。現在，加密貨幣比特朗普11月大選勝利後不久達到的高點下降了21％。

Other cryptocurrencies suffered sharper declines, with Ether losing over 40% since December. Trump’s own meme coin, launched days before his inauguration despite conflict-of-interest concerns, plunged 80% from peaks, it further highlighted.

其他加密貨幣的下降幅度更高，自12月以來，以太幣損失了40％以上。特朗普自己的模因硬幣是在就職典禮前幾天發起的，儘管存在利益衝突，但峰值下降了80％，這進一步強調了。

Bitcoin price slipped below crucial $80K mark

比特幣價格低於至關重要的$ 80K商標

As the dust settles on the U.S. election, the crypto market continues to recalibrate expectations. With the Federal Reserve seen in no rush to cut interest rates despite recent economic weakness, investors are awaiting either a clear bullish signal or macroeconomic risk aversion to return.

隨著塵埃落定在美國大選上，加密貨幣市場繼續重新調整期望。儘管最近經濟疲軟，但美聯儲毫不急於降低利率，投資者正在等待明顯的看漲信號或宏觀經濟風險規避返回。

The former would likely be triggered by a Fed rate cut or, on the regulatory front, more concrete pro-crypto policies from the Trump administration.

前者很可能是由削減美聯儲降低稅率的觸發，或者在監管方面是特朗普政府的更具體的親克萊特托政策。

Trump’s campaign promises, which included establishing a national Bitcoin reserve and easing regulations, initially sparked a strong rally. However, while his administration has taken steps—such as dropping an SEC lawsuit against Coinbase (NASDAQ:COIN) and halting probes into crypto firms—analysts say these moves have failed to provide lasting support for prices.

特朗普的競選承諾包括建立國家比特幣儲備和輕鬆法規，最初引發了強烈的集會。但是，儘管他的政府採取了措施（例如，對Coinbase（NASDAQ：COIN）的SEC訴訟，並停止對加密貨幣公司的調查，Analyers表示，這些舉動未能為價格提供持久的支持。

“The market is disappointed,” said James Butterfill, head of research at CoinShares. “Until we get clarity on a Bitcoin reserve, I can’t see prices recovering significantly.”

Coinshares研究負責人詹姆斯·巴特菲爾（James Butterfill）說：“市場感到失望。” “直到我們明確了比特幣儲備，我看不到價格恢復很大。”

Insiders’ view

內部人士的觀點

“The initial excitement surrounding the Trump administration’s perceived pro-crypto stance appears to be in a phase of recalibration. For sentiment to shift decisively, a clearer regulatory framework or a major catalyst—such as further ETF approvals—seems necessary,” said Gabe Selby, Head of Research at CF Benchmarks.

“圍繞特朗普政府感知到的親克賴普托立場的最初興奮似乎是重新校準的階段。為了使情緒果斷地轉移，更清晰的監管框架或主要的催化劑（例如進一步的ETF批准）似乎是必要的。” CF基準研究主管Gabe Selby說。

Since December, nearly $1 trillion in market value has been wiped out, bringing total crypto capitalisation to $2.76 trillion, CoinMarketCap data showed.

自12月以來，已經消除了近1萬億美元的市場價值，使總加密貨幣資本化達到2.7.6萬億美元。

Asset managers, including BlackRock (NYSE:BLK), have been offloading billions of dollars’ worth of Bitcoin and Ether, as part of broader portfolio adjustments, especially amid rising macroeconomic uncertainty.

包括BlackRock（NYSE：BLK）在內的資產經理一直在卸載價值數十億美元的比特幣和以太，這是更廣泛的投資組合調整的一部分，尤其是在宏觀經濟不確定性的增加之中。

However, filings indicate that sovereign wealth funds and banks are still buying. Abu Dhabi’s Mubadala Investment Co has disclosed a $436.9 million stake in BlackRock’s iShares Bitcoin ETF.

但是，文件表明主權財富基金和銀行仍在購買。阿布扎比的穆巴達拉投資公司（Mubadala Investment Co）已披露了貝萊德（Blackrock）的iShares比特幣ETF的4.369億美元股份。

Cryptocurrencies have also been hit by Trump’s trade war, with his recent 10% tariff hike on China dulling the appetite for speculative assets.

特朗普的貿易戰也受到了加密貨幣的襲擊，他最近對中國的10％關稅對投機資產的需求降低。

Meanwhile, regulatory clarity may be emerging, with the SEC dropping its lawsuit against Coinbase and ruling that most meme coins do not qualify for securities status.

同時，可能會出現監管清晰度，而SEC撤銷了針對Coinbase的訴訟，並裁定大多數模因硬幣不具備證券狀況。

Bitcoin had surged past $75,000 on November 6, 2024, following Trump’s election win and a wave of ETF inflows. It peaked at $109,350 in January 2025, before entering its current downturn.

在特朗普大選勝利和一波ETF流入之後，比特幣在2024年11月6日飆升了75,000美元。 2025年1月，它在進入目前的低迷之前，達到了109,350美元的峰值。

Despite the slump, Standard Chartered analyst Geoff Kendrick remains bullish, sticking to his prediction that Bitcoin could hit $500,000 before Trump leaves office. Kendrick’s optimism is based on his belief that fresh institutional demand, especially from sovereign wealth funds and banks, will drive the next leg of Bitcoin’s rally.

儘管矮胖，但標準的特許分析師傑夫·肯德里克（Geoff Kendrick）仍然看漲，堅持他的預測，比特幣在特朗普離開辦公室之前可能會達到500,000美元。肯德里克（Kendrick）的樂觀是基於他的信念，即新鮮的機構需求，尤其是從主權財富基金和銀行中的，將推動比特幣集會的下一條集會。