Coinbase記錄了自FTX崩潰以來最糟糕的季度，發布了30％

Coinbase是美國最大的加密交易所，自2022年底FTX劇烈崩潰以來，它的季度最糟糕。

Coinbase (NASDAQ:COIN) has encountered its worst quarter since the dramatic collapse of FTX in late 2022, with its stock plummeting by 30% in Q1 2025.

自2022年底FTX劇烈崩潰以來，Coinbase（NASDAQ：COIN）遇到了最糟糕的季度，其股票在2025年第1季度下降了30％。

Coinbase’s stock price movements have closely mirrored the steep losses seen across the broader crypto market. According to Bloomberg, the sharp decline has hit several other major crypto-related stocks as well.

Coinbase的股票價格變動與更廣泛的加密貨幣市場所看到的巨大損失相似。據彭博社報導，急劇下降也擊中了其他幾項與加密相關的主要股票。

This includes Galaxy Digital (CRYPTO:GLXY), Riot Blockchain (NASDAQ:RIOT), and Core Scientific (NYSE:CORE), all of which have experienced significant downturns.

這包括Galaxy Digital（加密：GLXY），RIOT區塊鏈（NASDAQ：RIOT）和Core Scientific（NYSE：Core），所有這些都經歷了嚴重的低迷。

Furthermore, Bitcoin (CRYPTO:BTC) has dropped by 10% this quarter, and Ethereum (CRYPTO:ETH) has seen an even more staggering 45% decline. These losses reflect a broader downturn in the crypto market, fueled by several macroeconomic factors.

此外，本季度比特幣（Crypto：BTC）下降了10％，以太坊（Crypto：ETH）的下降幅度更高45％。這些損失反映了加密貨幣市場的衰退，這是有幾個宏觀經濟因素的推動力。

Analysts point to the global uncertainty surrounding the U.S. economy, including concerns over Trump’s tariffs and recession fears. This has resulted in a general “risk-off” mood among investors.

分析師指出了圍繞美國經濟的全球不確定性，包括對特朗普的關稅和衰退恐懼的擔憂。這導致了投資者的普遍“冒險”情緒。

“In a risk-off mood, no asset is safe stocks, crypto, all get hit. It’s more about sentiment than fundamentals in those moments,” an investor commented on X.

一位投資者對X表示：“在冒險的心情下，沒有資產是安全的股票，加密貨幣，全部受到打擊。這比那些時刻的基本原理更多。”

While some point to these macroeconomic pressures as the primary cause, others argue that the market’s underperformance is more due to lingering fears of trade wars and broader geopolitical instability.

儘管有些人將這些宏觀經濟壓力視為主要原因，但其他人則認為，市場的表現不佳是由於對貿易戰的恐懼和更廣泛的地緣政治不穩定的持續存在。

“Trump’s trade wars are driving markets into a panic. As much as he is doing for crypto, the macro market conditions are speaking louder – as bullish as the news is from the white house – His trash trade war is squelching any price surge,” another X user remarked.

另一位X用戶指出：“特朗普的貿易戰正在使市場陷入恐慌狀態。儘管他為加密貨幣所做的事情，宏觀市場狀況的聲音越來越大 - 就像白宮的新聞一樣看漲 - 他的垃圾貿易戰正在散發出任何價格上漲。”

Coinbase has been especially hit in this downturn. Coinbase’s revenue model is heavily reliant on altcoins and transaction volumes beyond Bitcoin. Hence, the overall market drop could have made a mark on the exchange’s stock prices.

Coinbase在這種低迷中尤其受到打擊。 Coinbase的收入模型在很大程度上依賴AltCoins和Bitcoin以外的交易量。因此，整體市場下跌本可以在交易所的股價上留下標誌。

Moreover, the news comes as Coinbase users have collectively lost more than $46 million to scams in March alone.

此外，這一消息傳來了，因為Coinbase用戶僅在三月份就損失了超過4600萬美元的騙局。

See More: Top 5 Crypto Influencers To Follow In 2023

查看更多：前5個加密影響者將在2023年遵循

As crypto continues to bleed, other assets have fared much better. Gold (GOLD) has surged, posting its best quarter since 1986 as investors flock to safer assets amid the market turmoil.

隨著加密貨幣繼續流血，其他資產的狀況已經好得多。黃金（黃金）激增，自1986年以來發布了最佳季度，因為投資者在市場動盪中湧向更安全的資產。

The shift toward traditional assets is particularly noticeable as the post-election crypto hype, which briefly boosted Bitcoin’s value to $109,000, begins to fade. However, despite the overall market challenges, some crypto-related firms have shown resilience.

向傳統資產的轉變尤其明顯，因為選舉後加密宣傳炒作將比特幣的價值短暫提高到109,000美元，開始消失。但是，儘管面臨整體市場挑戰，但一些與加密相關的公司表現出了彈性。

MicroStrategy (NASDAQ:MICRO), led by CEO Michael Saylor, remains in the green year-to-date, bolstered by its substantial Bitcoin holdings.

由首席執行官Michael Saylor領導的MicroStrategy（NASDAQ：MICRO）仍然是綠色至今的綠色，其大量比特幣持有量得到了支持。

For now, the crypto market is left to weather the storm, with analysts continuing to scrutinize the interplay of macroeconomic factors and its impact on digital assets.

目前，加密貨幣市場要避開風暴，分析師繼續仔細檢查宏觀經濟因素的相互作用及其對數字資產的影響。