加密市場由於技術股票的拋售而流血

加密市場由於對潛在貿易戰和美國可能的經濟衰退的擔憂而引起了科技股的更廣泛拋售，因此流血。

Crypto market is bleeding because of a wider selloff in tech stocks, fueled by concerns about potential trade wars and a possible economic downturn in the US.

加密市場由於對潛在貿易戰和美國可能的經濟衰退的擔憂而引起了科技股的更廣泛拋售，因此流血。

On Monday, Bitcoin (BTC) price fell by 4% to $80,000 while Ethereum (ETH) price fell by as much as 6% to $1,756, a level not seen since Oct. 2023, though both assets have since recovered some of these losses. At press time, BTC is back at $81,600, while ETH climbed to $1920, though both are down by 1% and 8% from yesterday, respectively.

週一，比特幣（BTC）的價格下跌了4％，至80,000美元，而以太坊（ETH）的價格下跌了6％至1,756美元，這是自2023年10月以來未見的水平，儘管這兩種資產自此回收了其中一些損失。發稿時，BTC返回81,600美元，而ETH攀升至1920美元，儘管兩者均比昨天分別下降了1％和8％。

The declines in crypto prices were triggered by a broader selloff of technology stocks in the U.S. The Nasdaq 100 Index, which is heavily weighted towards technology companies, had its worst day yesterday since Oct. 2022, dropping by 3.8%. Economic experts are increasing their predictions of a potential economic downturn in the U.S. Donald Trump did warn of a potential “disturbance” from trade wars with Canada, Mexico, and China.

加密價格下跌是由美國納斯達克100指數對技術公司大量加權的更廣泛的技術股票引發的，自2022年10月以來，其最糟糕的一天下降了3.8％。經濟專家正在增加對美國唐納德·特朗普（Donald Trump）潛在經濟衰退的預測，警告了與加拿大，墨西哥和中國貿易戰的潛在“干擾”。

“Now that the industry has its strategic Bitcoin reserve executive order, crypto has one fewer positive forward catalyst to price in, and we’re left at the mercy of macro risk appetites,” FalconX Global Co-Head of Markets Joshua Lim said.

“既然該行業已經有了戰略性比特幣儲備金命令，加密貨幣的正向催化劑的價格越來越少，我們不受宏觀風險胃口的憐憫，” Falconx全球市場聯合公司Joshua Lim說。

The blow to crypto as a result of stock market crash is also evident in the slowing of stablecoin inflows. According to the chart Matrixport shared on X today, stablecoin inflows have dropped by more than 50%, correlating with Bitcoin’s price decline from its peak. In December 2024, stablecoin minting peaked near $1.8 billion. By March 2025, it fluctuated between $0.4–0.8 billion, a decline of more than 50% from the peak.

股市崩潰導致加密貨幣的打擊也很明顯，在穩定的流入速度放緩時也很明顯。根據今天在X上共享的圖表Matrixport的數據，Stablecoin流入下降了50％以上，與比特幣的價格下降相關。 2024年12月，Stablecoin Minting達到了18億美元的峰值。到2025年3月，它波動在0.4-08億美元之間，從峰值下降了50％以上。

Stablecoins are often used for market entry/exit and provide stability, so a decline in their minting directly impacts liquidity. This suggests less demand for crypto, further pushing the market into consolidation. Matrixport analysts attribute the slowing of stablecoin minting to two main factors. Either the stablecoin issuers have accumulated enough in reserves. Or, there’s simply not enough demand from the market. Regardless of the cause, the crypto market needs a significant injection of new capital to lift up prices.

穩定劑通常用於市場進入/退出並提供穩定性，因此它們的鑄造下降會直接影響流動性。這表明對加密的需求較少，進一步推動了市場的整合。 Matrixport分析師將stablecoin鑄造的放緩歸因於兩個主要因素。 Stablecoin發行人在儲備中積累了足夠的儲備。或者，對市場的需求根本沒有。不管原因是什麼，加密貨幣市場都需要大量注入新資本來提高價格。