特朗普關稅公告中的加密市場捲軸，比特幣下跌6.8％，以太坊跌落25％

加密貨幣超過了周一在我們和國際股票的其他領域中看到的損失。儘管交易者從特朗普和墨西哥總統克勞迪婭·辛巴姆（Claudia Sheinbaum）之間達成協議中獲得了一些解脫，該協議將墨西哥的關稅推遲了一個月，但加密貨幣仍在周一傍晚受傷。

Cryptocurrency prices plunged on Monday after President Donald Trump's hard-line tariff announcements sent the market spiraling, with the sell-off amplified by an unwinding of leveraged bets on digital assets.

在唐納德·特朗普（Donald Trump）總統的硬線關稅公告使市場蓬勃發展之後，加密貨幣的價格在周一下降，而售罄的售罄則因在數字資產上槓桿化的賭注而放大。

Bitcoin fell as much as 6.8% in the last 24 hours, paring those losses after the update on Mexico tariffs. However, the decline on fears of a trade war was more pronounced for other tokens.

在過去24小時內，比特幣下跌了6.8％，在墨西哥關稅更新後削減了這些損失。但是，對貿易戰的擔憂的下降對於其他令牌而言更為明顯。

Popular winners since the November election, such as XRP and Solana, suffered double-digit losses across Monday morning.

自11月大選以來，XRP和Solana等最受歡迎的獲獎者在周一早上遭受了兩位數的損失。

But the most dramatic drop was seen in the price of Ethereum, which fell as much as 25%, erasing all of the gains since Trump's November election and bringing the world's second-largest cryptocurrency to a five-point low. The token was still down 11% at midday, trading around $2,695.

但是，最戲劇性的下降是在以太坊的價格下降了25％，自特朗普11月大選以來，消除了所有收益，並使世界第二大加密貨幣降低了五點。該代幣在中午仍然下跌11％，交易約為2,695美元。

"In the past 24 hours alone, we've seen over $2.2 billion in liquidations—the largest in crypto history—surpassing even the fallout from FTX and Terra Luna," Matt Mena, crypto research strategist at 21Shares, told Business Insider, referring to the collapse of Sam Bankman Fried's crypto exchange and the fall of a popular stablecoin in 2022.

“僅在過去的24小時中，我們已經看到了超過22億美元的清算（加密歷史上最大的清算），即使是FTX和Terra Luna的後果，” 21Shares的加密研究策略師Matt Mena告訴Business Insider，山姆·班克曼（Sam Bankman）弗里德（Sam Bankman）的加密交易所的崩潰和2022年受歡迎的stablecoin倒塌。

At first glance, crypto's negative reaction stems from the same reasons affecting risk assets broadly: Trump's pledge to levy sweeping tariffs on Canada, Mexico, and China by Tuesday.

乍一看，加密貨幣的負面反應源於影響風險資產的相同原因：特朗普週二向加拿大，墨西哥和中國征收關稅的保證。

Yet, the decline was made worse by the fact that the crypto market never closes, allowing panicked traders to sell over the weekend, with volatility picking up steam as traders returned on Monday, said Mena. Add to that high levels of leverage in the market, and crypto ended up facing a cascade of liquidations.

梅納說，由於加密貨幣市場永遠不會關閉，使恐慌的交易者在周末銷售的事實變得更加糟糕，隨著貿易商周一返回，波動率迅速增加。除了市場上的高度槓桿率，加密貨幣最終面臨著一系列清算。

Zack Shapiro, head of policy at the Bitcoin Policy Institute, told BI that Ethereum saw the worst of the sell-off due to its more prominent role in the decentralized finance ecosystem, which relies more on automation for trading.

比特幣政策研究所政策負責人扎克·夏皮羅（Zack Shapiro）告訴BI，以太坊認為，由於其在分散的金融生態系統中更為突出的作用，賣掉了最糟糕的售罄，這更依賴於交易自動化。

"A lot of the decentralized exchanges, automated market makers, all these things are built on ETH and have ETH integrated into them," Shapiro said. "So when that plumbing breaks, or there is sort of on-chain liquidation, that hits ETH especially hard."

夏皮羅說：“許多分散的交流，自動化的做市商，所有這些都是基於ETH建立的，並將ETH融入其中。” “因此，當水管斷裂或存在某種鍊鍊清算時，特別嚴重地擊中了ETH。”

Shapiro said that the weekend plunge may also have wiped out positions of some highly leveraged institutional players, which helps explain Ethereum's steep price drop.

夏皮羅說，週末的暴跌也可能已經消除了一些高度槓桿化機構參與者的職位，這有助於解釋以太坊的高價下降。

As for bitcoin, Standard Chartered expects a rough patch for the apex token over the next few days. Bitcoin is again at risk of falling below the $90,000 mark, a level the bank sees as a key support threshold for the coin. A drop below that price could trigger a major crypto downturn, Standard Chartered said in January.

至於比特幣，標準特許期望在接下來的幾天內對頂點令牌進行粗略的補丁。比特幣再次處於低於$ 90,000大關的風險，銀行將其視為硬幣的關鍵支持門檻。標準特許在一月份說，低於該價格的下降可能會引發嚴重的加密貨幣低迷。

In Mena's view, the crypto shakeout may be a healthy pullback, ridding the market of excessive speculation that has built up over the past eight months. In his view, last month's Trump meme coin frenzy was the clearest sign of an overheated market.

MENA認為，加密奶昔可能是一個健康的回調，這消除了過去八個月中過度猜測的市場。他認為，上個月的特朗普模因硬幣瘋狂是一個過熱市場的最明顯跡象。

" Regardless, the market needed a cooldown, and this tariff-driven sell-off may have just been the catalyst to force a reset," he said.

他說：“無論如何，市場需要冷卻，這種關稅驅動的售出可能只是迫使重置的催化劑。”