比特幣已經達到了11月以來的最低價格，並將其定為兩年來最大的每週一次

全球最大的加密貨幣在周五下降了7％，達到78 $ 273，這是11月10日以來最低的，並有望連續第五天下降。

Bitcoin hit its lowest price since November and was set for its biggest weekly fall in over two years on Friday, swept up in a sell-off in tech stocks at a time when a $1.5 billion hack and doubts about U.S. crypto policy had left industry sentiment fragile.

比特幣達到了11月以來的最低價格，並定於週五兩年來最大的每週一次，在15億美元的黑客攻擊和對美國加密貨幣政策的懷疑時，該股票被拋棄了。

The world’s largest cryptocurrency dropped as much as 7% to $78,273, its lowest since Nov. 10 and on track for a fifth straight day of declines. It has fallen 16% in the past week, its biggest weekly drop since the collapse of FTX crypto exchange in November 2022.

全球最大的加密貨幣下降了7％至78,273美元，這是11月10日以來最低的，並有望連續第五天下降。自2022年11月FTX Crypto Exchange倒閉以來，它在過去一周中下降了16％，每週下降最大。

The broader crypto market has lost nearly half a trillion dollars in the past week alone, according to CoinGecko.

根據Coingecko的說法，僅在過去一周中，更廣泛的加密市場就損失了近半萬億美元。

“Inflationary pressures, growth prospects are crumbling and Trump’s tariffs are not going away. And with Trump’s attention on anything except deregulating crypto, bitcoin traders are not happy,” said Matt Simpson, senior market analyst at City Index.

通貨膨脹壓力，增長前景正在崩潰，特朗普的關稅並沒有消失。除了放棄加密貨幣外，比特幣交易者不滿意，而且特朗普的注意力不滿意。” City Index的高級市場分析師Matt Simpson說。

Bitcoin typically trades loosely in line with assets like tech stocks that rise when investors are optimistic about economic growth. The tech-heavy Nasdaq is at its lowest since November.

比特幣通常會與當投資者對經濟增長樂觀時上升的資產等資產寬鬆地進行交易。自11月以來，納斯達克高科技的納斯達克處於最低水平。

Investors fear the so-called exceptionalism of the U.S. economy might be fading and are skittish about President Donald Trump’s moves to impose tariffs which have fueled fears of higher global inflation and slower growth.

投資者擔心，所謂的美國經濟的例外主義可能會逐漸消失，並對唐納德·特朗普總統徵收關稅的舉動感到震驚，這激發了人們對全球通貨膨脹和增長速度較慢的擔憂。

Investors also largely shrugged off upbeat results from Nvidia , a key bellwether of the artificial intelligence boom.

投資者還在很大程度上聳了聳肩，這是人工智能繁榮的重要領域Nvidia的樂觀結果。

Changed environment

改變了環境

For the world’s largest cryptocurrency, the environment is very different from mid-January, when it approached $110,000 on optimism that the Trump administration would champion a strategic bitcoin fund and loosen regulation.

對於世界上最大的加密貨幣，環境與1月中旬的環境大不相同，當時特朗普政府將倡導戰略性比特幣基金並放棄監管的$ 110,000。

But beyond a flurry of appointments of crypto-friendly officials when Trump took office, there has been little concrete news around that policy for investors.

但是，除了特朗普上任時，一系列對加密友好型官員的任命之外，對於投資者來說，這項政策幾乎沒有任何具體新聞。

The bitcoin price decline “shows that positive sentiments from a crypto-friendly administration and high-profile endorsements have run their course,” said Joshua Chu, co-chair of the Hong Kong Web3 Association.

BITCOIN價格下跌“表明，對加密友好的政府和備受矚目的代言人的積極情緒已經開展了他們的課程，”香港Web3協會聯合主席Joshua Chu說。

“It’s clear bitcoin is a risk asset, not the inflation hedge or digital gold it’s often touted to be.”

“顯然，比特幣是一種風險資產，而不是通貨膨脹對沖或數字黃金，通常是吹捧的。”

Ether, the second-largest cryptocurrency, fell 6% to $2,149.38, around its lowest since January 2024. Trump’s own “TRUMP” memecoin that he launched upon his inauguration has lost 50% in value since then, while his wife’s “MELANIA” token has lost 90%.

第二大加密貨幣以Ether下降了6％至2,149.38美元，大約是自2024年1月以來最低的。

Investors have also been pulling money out of bitcoin exchange-traded funds. U.S.-listed bitcoin ETFs saw outflows of $2.27 billion so far this week.

投資者還一直從比特幣交易所交易的資金中掏出資金。本周到目前為止，美國上市的比特幣ETF的流出量為22.7億美元。

Bank of America analysts said in a note on Friday the fact that the average daily price of bitcoin had struggled to break above $97,000 since November was the first sign of the “bro bubble popping”.

美國銀行分析師在周五的一份事實中說，自11月以來，比特幣的平均每日價格一直在掙扎97,000美元以上，這是“ Bro Bubble Popping”的第一個跡象。

Much of the hype around crypto in the last couple of years has stemmed from, typically, younger male influencers on social media and tech entrepreneurs that many nickname “crypto bros”.

在過去的幾年中，圍繞加密貨幣的大部分炒作源於社交媒體和科技企業家的年輕男性影響者，這些綽號“加密兄弟”。

The crypto world was also hit by a $1.5 billion hack of ether, the world’s second-largest cryptocurrency, at the hands of hackers, Dubai-headquartered Bybit said last week.

迪拜上周說，加密貨幣世界也遭到了15億美元的貨幣（全球第二大加密貨幣）的襲擊。

“It’s a combination of macro forces. More tariffs, uncertainties around geopolitics and war, and the ByBit hack didn’t help confidence either,” said Reuben Conceicao, chief strategy officer at digital wallet firm Metasig.

“這是宏觀力量的結合。數字錢包公司Metasig的首席戰略官Reuben Conceicao說：“更多的關稅，圍繞地緣政治和戰爭的不確定性以及拜比特黑客也沒有幫助。”