比特幣和其他風險資產正面臨著急劇下滑的

隨著投資者情緒削弱了美國衰退的問題，比特幣和其他風險資產正面臨著急劇下滑。股市也暴跌了

Bitcoin and other risk assets are facing a sharp downturn as investor sentiment weakens amid growing US recession concerns. The S&P 500 and Nasdaq recorded sharp losses, with the tech-heavy index falling nearly 3.8%. The “Magnificent 7” stocks lost a staggering $830 billion in market value, highlighting the scale of the sell-off.

隨著投資者情緒削弱了美國衰退的問題，比特幣和其他風險資產正面臨著急劇下滑。標準普爾500指數和納斯達克記錄了巨大的損失，技術繁重的指數下降了近3.8％。 “宏偉的7”股票損失了驚人的8,300億美元的市場價值，突出了售罄的規模。

Can markets recover, or is this the beginning of a larger shift?

市場可以恢復，還是更大轉變的開始？

Bitcoin & Stocks Plunge as Risk Appetite Fades

比特幣和股票暴跌，風險胃口消失

Investor confidence is dwindling. The S&P 500 and Nasdaq recorded sharp losses, with the tech-heavy index falling nearly 3.8%. The “Magnificent 7” stocks lost a staggering $830 billion in market value, highlighting the scale of the sell-off.

投資者的信心正在減少。標準普爾500指數和納斯達克記錄了巨大的損失，技術繁重的指數下降了近3.8％。 “宏偉的7”股票損失了驚人的8,300億美元的市場價值，突出了售罄的規模。

Bitcoin, often considered digital gold, was not spared amid a selloff recorded in the broader crypto market. BTC price today was down about 1% and exchanged hands at $81,579, while its one-day trading volume soared 33% to $58.7 billion.

在更廣泛的加密貨幣市場中記錄的拋售中，比特幣通常被認為是數字黃金。今天的BTC價格下跌了約1％，並以81,579美元的價格交換了手，而其一日交易量飆升了33％，至587億美元。

Notably, the flagship crypto has touched a 24-hour low of $76,624, reflecting the cautious stance of the investors. Besides, a recent report hints at a further BTC dip to $70K, which has weighed on the traders’ sentiment.

值得注意的是，旗艦加密貨幣的24小時低點為76,624美元，這反映了投資者的謹慎立場。此外，最近的一份報告暗示，BTC進一步降至7萬美元，這對交易者的情緒產生了影響。

Meanwhile, analysts at QCP Group noted that post-election optimism is fading, with put option volumes reaching their highest levels since 2020. Despite concerns, there are some silver linings. The report noted that falling 10-year Treasury yields and a weakening US dollar historically support equities, Bitcoin, and other digital assets. However, investors remain cautious amid policy uncertainty and economic risks.

同時，QCP Group的分析師指出，選舉後的樂觀情緒正在消失，PUT期權量達到了2020年以來的最高水平。儘管有一些擔憂，但仍有一些銀色襯裡。該報告指出，10年的財政部收益率下降，而美元降低了歷史上的股票，比特幣和其他數字資產。但是，由於政策不確定性和經濟風險，投資者仍然謹慎。

Bitcoin Dips As Trump’s Tariff Policies Spark Economic Concerns

比特幣下降，因為特朗普的關稅政策引發了經濟問題

According to the latest report from Yahoo Finance, Goldman Sachs has slashed its 2025 US GDP growth forecast from 2.4% to 1.7%, citing adverse trade policy assumptions under Trump. The investment bank also raised its inflation projection, expecting the Federal Reserve’s preferred gauge to hit 3% by year-end.

根據Yahoo Finance的最新報告，高盛（Goldman Sachs）將其2025年美國GDP增長預測從2.4％削減到1.7％，理由是特朗普規定了不利的貿易政策假設。投資銀行還提高了通貨膨脹的預測，預計美聯儲的首選量規能在年底時達到3％。

The revised outlook highlights the economic strain from rising tariffs. Goldman Sachs economist Jan Hatzius outlined three major impacts: higher consumer prices, tighter financial conditions, and delayed business investments. These factors could stifle economic growth and weigh on market performance.

修訂後的前景強調了關稅上升所帶來的經濟壓力。高盛的經濟學家揚·哈齊斯（Jan Hatzius）概述了三個主要影響：更高的消費價格，更嚴格的財務狀況和延遲的商業投資。這些因素可能會扼殺經濟增長並權衡市場績效。

Morgan Stanley echoed similar concerns, cutting its 2025 GDP forecast to 1.5% from 1.9%. Chief economist Michael Gapen also raised his core PCE inflation forecast to 2.7%, up from a previous 2.5% estimate.

摩根士丹利（Morgan Stanley）回應了類似的擔憂，將其2025 GDP的預測從1.9％降低到1.5％。首席經濟學家邁克爾·蓋彭（Michael Gapen）還將他的核心PCE通貨膨脹預測提高到2.7％，而前的估計值為2.5％。

The lingering inflation threat may force the Fed to hold interest rates steady longer than expected. Having said that, these could impact the risk-bet assets like Bitcoin as well as the stock market. All eyes are now on the upcoming US CPI inflation data, which would provide more cues on the US economic health and the current inflationary pressure.

揮之不去的通貨膨脹威脅可能會迫使美聯儲的利率穩定比預期的更長。話雖如此，這些可能會影響像比特幣以及股票市場這樣的風險購買資產。現在，所有人都關注即將到來的美國CPI通貨膨脹數據，這將為美國的經濟健康和當前的通貨膨脹壓力提供更多線索。

Is a US Recession on the Horizon?

美國衰退是在地平線上嗎？

Recession fears are gaining traction. Former PIMCO CEO Mohamed El-Erian increased his US recession probability estimate to 25-30%, up from 10% earlier this year. Betting markets reflect similar concerns, with Polymarket estimating a 38% chance of a recession being officially declared by year-end.

經濟衰退的恐懼正在受到關注。 PIMCO前首席執行官穆罕默德·埃里安（Mohamed El-Erian）將他的美國衰退概率估計提高到25-30％，高於今年早些時候的10％。投注市場反映了類似的問題，Polymarket估計衰退時期正式宣布經濟衰退的機會有38％。

Uncertainty over Trump’s fiscal policies and the Federal Reserve’s stance has created a volatile market environment. The Fed may still cut rates twice this year, in June and December, but near-term uncertainty could keep them on the sidelines. Considering that, it appears that Bitcoin and the broader financial market may take a hit in the coming days as the macroeconomic concerns continue to dampen the sentiment.

特朗普的財政政策和美聯儲的立場的不確定性創造了動蕩的市場環境。美聯儲在6月和12月今年仍可能兩次降低利率，但近期不確定性可能會使它們保持在場。考慮到這一點，似乎比特幣和更廣泛的金融市場可能會在未來幾天受到打擊，因為宏觀經濟的擔憂繼續削弱了情緒。