加密市值的籃板籃板增加了$ 80B，但貿易戰的風險迫在眉睫

3月27日，加密貨幣市場在僅24小時內的總市值下降了1000億美元。隨後是進一步的損失

The cryptocurrency market experienced substantial outflows over the weekend, with the total market capitalization falling by $100 billion in the span of just 24 hours on March 27.

加密貨幣市場在周末經歷了大量外流，在3月27日僅24小時的時間內，總市值下降了1000億美元。

This was followed by further losses, as digital assets marked $100 billion in outflows over the course of the weekend, according to data from CoinGecko.

根據Coingecko的數據，隨後是進一步的損失，因為數字資產在周末的流出期間標誌著1000億美元的流出。

Around noon on Sunday, March 31, a local bottom was reached, with the total crypto market cap falling to levels as low as $2.63 trillion. However, on April 1, the wider market staged a comeback, and the total valuation soared by $80 billion to reach $2.71 trillion as of press time.

3月31日（星期日）中午左右，當地底部達到了當地的底部，總加密貨幣市值下降到低至2.63萬億美元的水平。但是，在4月1日，更廣泛的市場進行了捲土重來，截至發稿時，總估值飆升至800億美元，達到2.71萬億美元。

What’s more, the market cap increase was not the result of a localized upswing, or, in other words, a surge in a large-cap asset’s price. On the contrary, the move to the upside has been pretty universal — at present, all of the top 10 cryptocurrencies by market cap are in the green on a 24-hour chart, with the exception of stablecoins like USD Coin (USDC) or Tether (USDT), which have seen negligible price moves.

更重要的是，市值的增加並不是局部上升的結果，換句話說，大型資產的價格激增。相反，向上的轉移非常普遍 - 目前，按市場上限進行的所有前10個加密貨幣都在24小時的圖表上呈綠色，除了USD Coin（USDC）或Tether（USDT）之外的Stablecoins，它們的價格轉移忽略了。

The biggest gainer in the top 100 in the past 24-hours has been the Curve DAO Token (CRV), which has rallied by 11.94% over the past day.

過去24小時前100名中最大的收穫是曲線DAO代幣（CRV），過去一天的收穫率增長了11.94％。

As bullish as this latest development appears to be, there’s still an open question as to whether or not the rally, or rather recovery, will continue. Let’s take a closer look at the most impactful macro factors currently at play — tariffs.

儘管這一最新發展似乎是看好的，但仍然存在一個懸而未決的問題，即是否會繼續進行集會，還是恢復。讓我們仔細研究當前最有影響力的宏觀因素 - 關稅。

Crypto market still at risk from looming trade war

加密市場仍處於迫在眉睫的貿易戰爭中

The Trump administration’s ‘trigger-friendly’ approach to imposing tariffs is the key driver behind recent market instability. While the imposition of tariffs and duties doesn’t directly impact cryptocurrencies, it does raise the risk of recession, reduces the odds of interest rate cuts, and tends to make investors run away from risky assets in favor of safe havens such as gold or even fixed-income assets.

特朗普政府對徵收關稅的“觸發友好型”方法是近期市場不穩定背後的關鍵驅動力。儘管對關稅和關稅的徵收並沒有直接影響加密貨幣，但它確實增加了經濟衰退的風險，降低了降低利率的機率，並且傾向於使投資者擺脫危險的資產，而有利於黃金甚至固定收入資產的安全避風港。

On April 2, the President will unveil the latest round of tariffs. Trump has previously stated that ‘all countries’ would be targeted, although a definitive blueprint isn’t in place yet. One solution that is being considered is a blanket 20% tariff that would impact most of the goods imported by the United States, per a Washington Post report. A proposal that would put that solution into effect has reportedly already been drafted by White House aides.

4月2日，總統將推出最新一輪關稅。特朗普此前曾表示，“所有國家”將成為目標，儘管尚未確定的藍圖。根據《華盛頓郵報》的一份報告，一種被考慮的解決方案是一攬子20％的關稅，將影響美國進口的大多數商品。據報導，這項將使該解決方案生效的提議已經由白宮助手起草。

Despite the increase in inflows, market sentiment hasn't shifted significantly — so investors would do best to exercise caution and patience, and wait for the smoke to clear before deciding on what to do.

儘管流入量增加，但市場情緒並沒有發生重大變化 - 因此，投資者最好謹慎行事和耐心，並等待煙霧清除，然後再決定要做什麼。