加密貨幣市場將完成第1季度2025，效果較弱

加密貨幣空間定為2025年第一季度的薄弱狀況。在此期間，比特幣和以太坊都經歷了明顯的價格下跌。

Cryptocurrencies are set for a weak finish to the first quarter of 2025, with both Bitcoin and Ethereum experiencing notable price drops during this period.

在2025年第一季度，加密貨幣的效果較弱，在此期間，比特幣和以太坊的價格下跌。

Both major cryptocurrencies saw price declines in Q1 2025, with Bitcoin price falling 6.49%—its weakest start since 2020.

兩種主要的加密貨幣在2025年第1季度的價格下跌，比特幣價格下跌6.49％，這是自2020年以來最弱的起點。

While BTC’s performance was less stellar, it’s important to consider the broader economic picture, which is largely affecting market pressure.

儘管BTC的績效不那麼出色，但重要的是要考慮更廣泛的經濟狀況，這在很大程度上影響了市場壓力。

With President Trump’s proposed tariffs adding significant heat, traders are becoming more sensitive to macroeconomic uncertainty.

隨著特朗普總統提議的關稅增加了高溫，交易者對宏觀經濟不確定性越來越敏感。

After hitting the $100,000 level late last year, Bitcoin price has seen a sharp decline to $78,000, which has fueled investor doubt.

在去年年底達到了100,000美元的水平之後，比特幣價格急劇下降至78,000美元，這引起了投資者的懷疑。

Many participants expected a robust 2025 start after the record highs achieved in 2024. However, unexpected economic news has stalled further positive price movement, preventing sustained upward momentum.

許多參與者預計在2024年達到紀錄高點之後，2025年就有強勁的2025年開始。但是，意外的經濟新聞已經停滯了進一步的正價轉移，阻止了持續的向上勢頭。

As we move forward, there's still uncertainty regarding Bitcoin’s immediate path. It might become clearer around mid-April with fresh economic data releases and potential changes in tariffs. Despite current challenges, some analysts remain optimistic about BTC’s long-term potential growth. These experts predict it could reach new peak values, possibly by mid-year 2025.

隨著我們的前進，關於比特幣的直接道路仍然存在不確定性。在4月中旬，隨著新的經濟數據發布和關稅的潛在變化，可能會變得更加清晰。儘管目前面臨挑戰，但一些分析師仍然對BTC的長期潛在增長保持樂觀。這些專家預測，它可能會達到新的峰值價值，可能是到2025年中。

However, Ethereum price encountered even more serious obstacles, marking its worst Q1 performance in several years.

但是，以太坊價格遇到了更嚴重的障礙，標誌著其幾年來最差的第一季度表現。

Historically, ETH performed exceptionally well in the first quarter, offering significant returns since 2017. But this year shows a stark deviation from that pattern, which is evident in the chart below.

從歷史上看，ETH在第一季度表現出色，自2017年以來提供了可觀的回報。但是，今年表現出與該模式的偏差，這在下圖中很明顯。

Additionally, the ETH/BTC ratio has dropped considerably, hitting its lowest mark since May 2020, highlighting relative weakness.

此外，ETH/BTC的比率已大大下降，自2020年5月以來達到了最低標記，突出了相對弱點。

This lagging performance compared to Bitcoin sparks concern about Ethereum’s near-term recovery prospects.

與比特幣相比，這種滯後性能與以太坊近期恢復前景相比擔心。

As we approach the second quarter, investors are focusing on the potential for a 2025 crypto rebound in the upcoming months.

當我們接近第二季度時，投資者將重點關注在接下來的幾個月中進行2025個加密貨幣的潛力。

Historical data suggests that Q2 could bring renewed momentum, but economic factors and regulatory news will be crucial influences.

歷史數據表明，第二季度可以帶來新的動力，但是經濟因素和監管新聞將是至關重要的影響。

In the broader scheme, the total cryptocurrency market capitalization has decreased by 11.65% since the start of 2025. This downturn reflects the lagging performance of both Bitcoin and Ethereum, which are two of the largest cryptocurrencies.

在更廣泛的計劃中，自2025年初以來，加密貨幣市值的總計市值下降了11.65％。這種低迷反映了比特幣和以太坊的滯後性能，這是兩個最大的加密貨幣。

This change in sentiment is also reflected by the Crypto Fear & Greed Index, which now shows a Neutral reading of 47 points.

Crypto Fear＆Greed Index也反映了這種情感的變化，該指數現在顯示出47分的中性讀數。

The crypto market has experienced a shift in mood as we move into the second quarter of 2025.

當我們進入2025年第二季度時，加密市場經歷了情緒的轉變。

After a period of high optimism saw the Bitcoin price breach the $100,000 mark late last year, the market has encountered a correction early in 2025, prompting greater caution among investors.

經過一段時間的樂觀情緒，比特幣價格違反了去年年底的100,000美元，該市場在2025年初遇到了更正，促使投資者的謹慎謹慎。

However, despite the recent price drops, some analysts remain optimistic about the long-term outlook for these major cryptocurrencies.

但是，儘管最近的價格下跌，但一些分析師對這些主要加密貨幣的長期前景仍然樂觀。

Some experts forecast a substantial Bitcoin price rally to occur before the end of April. In contrast, others believe that the prevailing economic conditions might postpone any significant market upswing for an extended time.

一些專家預測，將在4月底之前進行大量的比特幣價格集會。相比之下，其他人認為，普遍的經濟狀況可能會在很長一段時間內推遲任何重要的市場。